Mark
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Mark replied to Melody Moore's discussion BoA Accepted Purchse price and counter offered closing costs - We accepted their Counter Offer - then, they came back and countered on the Purchase Price! What the heck?! in the group Equator
Jun 15, 2010
Mark replied to Melody Moore's discussion BoA Accepted Purchse price and counter offered closing costs - We accepted their Counter Offer - then, they came back and countered on the Purchase Price! What the heck?! in the group Equator
"It isn't over until it is over. Word or caution, they can still come back even after you both agree and counter again. I finally pulled the plug on a two month fiasco. After no action for 50 days they finally countered 55K above our offer (one…"
May 20, 2010
Mark replied to Keji Ogunleye's discussion BoA Wants Fair Market Value- Can you counter in the group Equator
"Anyone ever see BOA negotiate for more than the payoff and all fees? It would appear that the only amount BOA is willing to accept will be 15K above their "lose no money" point. That essentially makes it become a normal sale, why then to…"
May 17, 2010
Mark replied to lauren trifone's discussion How long can a shortsale last when being started in the equator system? in the group Equator
"I was in the negotiations (lack of) phase for almost two months. It was only after me stating that I was walking on the day of the deadline in the short sale addendum (60 days from submission of offer) that there was any movement. And that was in…"
May 14, 2010
Mark replied to Keji Ogunleye's discussion BoA Wants Fair Market Value- Can you counter in the group Equator
"All I ever wanted was an opportunity to buy the home at a fair price. I thought our offer was right at FMV, maybe even higer compared to comps. My concern wasn't BOAs approval but rather if my lender's appraisal would come in high enough…"
May 13, 2010
Mark replied to Keji Ogunleye's discussion BoA Wants Fair Market Value- Can you counter in the group Equator
"I think I am done and going to walk away from this mess. We submitted our offer on 3/15/2010 and seller accepted 3/17. Everything was uploaded into equator on 3/20 and so here we are. Our offer was slightly less than the listing price at way my…"
May 11, 2010
Mark replied to Keji Ogunleye's discussion BoA Wants Fair Market Value- Can you counter in the group Equator
"If you don't mind let me know how it goes, curious though.... How long has your sale been processing?"
Apr 25, 2010
Mark replied to Keji Ogunleye's discussion BoA Wants Fair Market Value- Can you counter in the group Equator
"I will be very interested Tim in how that works out. Please let us know! I am in the same boat in that I think my offer is right at or even above FMV. Based on comps I am figuring their BPO will be lower than our offer which should help in the…"
Apr 22, 2010
Mark replied to Kacey's discussion Attempted Short Sale Buyer in the group Equator
"The listing agent was contacted for access to the house, and was told that the lender had ordered an appraisal. She however assumed that it was my lender and not a BPO, and didn't ask anymore. She asked my agent if I had ordered an appraisal,…"
Apr 21, 2010
Mark replied to Kacey's discussion Attempted Short Sale Buyer in the group Equator
"Thanks, I completly understand that. I feel our offer was right at FMV, maybe even higher. Hence my concern that if and when my lender's appraisal is done, if it comes in lower than the offer I have to think that BOA will have to consider it.…"
Apr 20, 2010
Mark replied to Kacey's discussion Attempted Short Sale Buyer in the group Equator
"Is that two weeks to get out of valuations from the BPO? I am stumped because I have seen zero movement from the time it has all been entered into equator. There is a "named" negotiator but nothing has budged from the valuations status.…"
Apr 20, 2010
Mark replied to Kacey's discussion Attempted Short Sale Buyer in the group Equator
"Reading this both gives me hope and dismay. I am a buyer that submited a contract on 14 March through equator. LIsting agent asked my agent two weeks ago if I had ordered an appraisal (I didn't) so we all assume that was the BPO. I believe my…"
Apr 16, 2010
Mark is now a member of Short Sale Superstars
Apr 16, 2010
Mark joined Bryant Tutas's group
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Equator

Here's a group for us to share info about muddling through Equator.See More
Apr 16, 2010

Profile Information

First Name
Mark
Last Name
Burns
State
FREDERICKSBURG
City
VA

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