We are buyers trying to purchase a short sale with BofA the one and only lienholder. Sellers, at first tried Home Modification but they were unable to fulfill because of loss of job, so they canceled Home Modification. They then put the home up for sale. Sellers accepted our offer after a bidding war for $11k above list price and Sellers/Listing agent took it through Equator for BofA approval. Bank performed BPO and countered our offer for $19k above our offer, $30k above list. To quit haggling and to get on with it, we accepted their offer.
One day later, the Equator system rejected our acceptance of their own counteroffer and closed out the file. Seems to me like a bait and switch. According to listing agent, there is no explanation for it, the file just no longer appears in the Equator system so they have no way of contacting the asset manager.
The listing agent has re-initiated everything in Equator but.....has anyone experienced this before and if so, what was the final outcome? .
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