Replies to This Discussion

Permalink Reply by Claudine Ellis on March 31, 2010 at 2:29pm

You can call me at 757-549-1939. I can explain. Too much to write.

Permalink Reply by Melissa Polce on March 31, 2010 at 2:31pm

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!

Permalink Reply by Claudine Ellis on March 31, 2010 at 2:43pm

Well, if you dont call me tonight, you may have to reach me at 353-7979. Sorry, I wont be home tomorrow during the day. Talk to you then.

Melissa Polce said:

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!

Permalink Reply by Karen Key Smith on March 31, 2010 at 2:44pm

Melissa, I have had the same experience and most companies have taken my suggestion when I send a CMA however I hate to say that my luck with B of A is less than lack luster!!!! The only thing I know to do is to send in the CMA with your reasoning etc. I had one that was in great disrepair so I took pics of the damage and that helped and we were able to close but it was not B of A.

Great luck to you as B of A is our biggest mountain to climb but we can do it!!!!
karen

Permalink Reply by Karen Donovan on March 31, 2010 at 3:05pm

I had one where the buyer walked bc of home inspection after acceptance by BOA.. Next buyer came in 10k less. I sent repair estimates with offer. BOA negotiator accepted new offer no questions asked in 4 days!! One other one - I sent pictures and itemized list of repairs needed on a Chase deal. They didn't care. My same buyer resubmitted another offer on same property a few weeks later. We started process all over again - I think it was a new negotiator. He came back more reasonable and then the buyer just went up about another $6000 and we made the deal. Closed last week! So long & short - it it doesn't work - go around another time if you can and maybe you'll come out with a better outcome!!!

Permalink Reply by Karen Donovan on March 31, 2010 at 3:06pm

I had one where the buyer walked bc of home inspection after acceptance by BOA.. Next buyer came in 10k less. I sent repair estimates with offer. BOA negotiator accepted new offer no questions asked in 4 days!! One other one - I sent pictures and itemized list of repairs needed on a Chase deal. They didn't care. My same buyer resubmitted another offer on same property a few weeks later. We started process all over again - I think it was a new negotiator. He came back more reasonable and then the buyer just went up about another $6000 and we made the deal. Closed last week! So long & short - it it doesn't work - go around another time if you can and maybe you'll come out with a better outcome!!!

Permalink Reply by Michael Davis on March 31, 2010 at 3:35pm

BOA always does this in my experience. Counters a short sale at more than FMV. You need to escalate, not negotiate at this point. Keep pushing it up the corporate ladder till you can get to a real decision maker.

Permalink Reply by David A. Roebuck on March 31, 2010 at 4:05pm

Michael, I am at a Supervisor level now and they are NOT being cooperative. How do you escalate beyond this??

Permalink Reply by CJ Wright on March 31, 2010 at 11:50pm

Counter back to BOA, include supporting documentation (whether they want it or not). We are nearing the end of the first quarter. They just may not want to accept another loss in this quarter.... Let things go into April (OH, it's April 1 today) and send your counter...