I am still new to the BofA Short Sale process .. so bear with me.
Here is the history: I am a buyer that has a contract down on a short sale property. The property has had previous offers that have gone through the circus known as BofA .... and the end result has always been that BofA would not accept anything under 140k for the home. I am working with the listing agent and placed my offer for 144k with BofA paying 4k in closing costs. Information was submitted through the Equator tool on 7/21/2010 and things were moving really quickly. We found out on 8/13 that the bank had countered our offer (accepted my offer price but rejected closing costs, reducing listing agent's commission, and something about the title insurance or letter). My agent resubmitted our offer "as is" on 8/13 and spoke with the a new Negotiator on 8/17 regarding the offer and was told our offer was in their range. Now, I am finding out that yet another negotiator has been assigned to my case.
Why so many negotiators? Does this mean anything regarding the probability of getting an approval ... or is it just BofA shifting work around and wasting time? Any tips that can be offered to get the ball rolling again would be appreciated. I know I have been fortunate so far to have things move as quick as they have ..... but enough of the new negotiators.
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