counter Offer received from BOA, after 11 months
Yes it has finally happened, after 11 months with one buyer. 8 negotiators, 5 or so BPOs. I am in email contact with the negotiator and we have been countering on a demand from PMI for $7500 at closing. I have been told this is not negotiable!
2 Questions. What is not negotiable in a short sale?????????
What is the chance if we hold tight we will get closed? (buyer won't and caller can't contribute, agents no too.)
What are your thoughts, experiences?
Replies to This Discussion
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Permalink Reply by Gunna Voigt on
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If the seller can document that he/she doesn't have the funds, there is no other person to "hit" for that money. Realtors should absolutely not contribute, and neither should the buyer. I've won in an REO situation. They (the bank)) do'nt want ot own the house. Can you go one or two steps up to the manager or department head?
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Permalink Reply by Jeff Payne on
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I have had this happen many many times and the PMI has always negotiated.
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