Home on market for over 240 days, home in disrepair, started at $157K(9+ months ago), offer at $130K, got countered today at $175K, NO WAY on this house...it will not appraise...I have tried to ask what I can provide to BofA to persuade investor of real market value, including sending a quick CMA of homes in that area that have foreclosed and sold(average is $120K-meaning investor would lose further monies)...anyone else run into this and have suggestions? The owner makes less than $17K a year with 2 kids...I mean come on....Suggest Away...someone grabbed a crack pipe before they counter offered...or at least that is what I think of that counter offer...HELP
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Thanks Claudine-will call you tomorrow...I appreciate the help, and in my favorite area code, 757...I am an ODU grad! Go Monarchs...talk to you tomorrow!
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