"I am actually hoping to get MI company to accept money before closing. Let me tell you scenario : Two mortgages, First Wells Fargo, Second BoA. WF is giving BoA $1800 ( that is 10% of unpaid balance- their investor's rule). BoA has MI on…"

"Agreed for sure.  We try to find the "range" of values that we think the house falls in and make the offer on the low end of the range AND we tell the buyers to expect a counter offer for the high end of the range.  If the buyers…"

"Good advice here Anna, especially about overpriced listings.  An overpriced listing is most likely always going to be a listing until it expires.   We too, most of the time have to get the listings priced below FMV (what we think is…"

"Richard, I have said it a million times, your agent dropped the ball just as much as the listing agent did.  If I had a short sale that was going the direction that yours did, I would have been camped out in the listing agents office or their…"

"Please keep in mind, not all short sales are great deals in reality. AMEN, not all short sales are great deals, that is up to the buyer to decide and is no different than an equity sale."

"Brent you are spot on.  Everyone needs to remember that there is no approval unless it is in writing."

"Richard, the buyer is not privy to the sellers financials and the sellers lender because it is none of the buyers business.  In my area, we are required to disclose to the buyer in MLS that the property is a short sale and it may require the…"

"Hello Anna,   I'm sure you're a great person.  Please don't take the comments below personal, they are not an attack on you nor, never was meant to be: 1st of all, I have to ask, why the hostility?  In…"

"Hello Richard, First - I have never, ever seen bank making counter based on debt owed. Value, value, value ( right now)- that is what they are looking for.  Do not get me wrong- they may ask for note to be signed, cash at closing from…"

"Hi Anna, Regarding, "in short sale situations I rarely see listings being overpriced", my agent and I have seen this happen pretty often here.  I guess it all depend on owner, debt, LA and geographic locations and time as…"

"I am just jumping in, because, Richard,  I think you are missing ONE BIG THING- This short sale was not approved when agent came back with MI counter. It was still negotiated and I do not know buyer's agent in this particular…"

"Thanks SE!"

"Requiring payment before the closing, that condition not being part of the short sale approval and the obvious end game of that disbursement not being on the final HUD1 is what I believe may be illegal. Referencing PMI was pure speculation and their…"

"Hi SE Davis, Would you please explain why it might be illegal for the MI company to be asking for a contribution if they are in receivership?  I have a BofA transaction that is with the MI company now and the property is located in AZ, which…"

"Great advice, Smitty!"

"Hi again Elizabeth,   Thanks again for the inter-works of the MI.  It works pretty much the same here.  The argument here is, it's not my MI, it's the seller's MI.  As in all cases, unless buyers buy with cash…"