Equator declined offer in 10 seconds

Has anyone had this happen? Is there any way to argue it? I had placed the listing on Equator prior to an offer, at B of A's request to the Seller. They did a BPO pretty quickly and now they've rejected this offer immediately, saying the price is too low. If the house was in good shape, they would be correct but it's literally a dump. There are bags of trash 6' high, broken cabinets and counters, etc.

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Permalink Reply by Amy Merrill on April 19, 2010 at 12:26pm

Hi Karyl,

I just saw another post that may help you with this problem. Here's the link: http://www.shortsalesuperstars.com/group/bankofamericashortsales/fo...

Permalink Reply by Wendy Rulnick on April 19, 2010 at 12:35pm

Karyl - They have an internal value, your offer was lower. If there was an actual BPO done for a previous offer, they normally keep those for 90 days, then will order a new one.

Permalink Reply by Karyl Moore on April 19, 2010 at 12:39pm

Thank you!!!! That gave me the answer. I love this site!

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