"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…"
"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…"
"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…"
"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…"
"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…"
"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…"
"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,…"
"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.…"
"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.…"
"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…"
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