I have a buyer's agent who has brought a good, cash offer for my short sale listing built in 1921. Bank of America has countered twice, and is wanting much more than the home is worth. I have requested another BPO or appraisal, but the negotiator responds that she is working with the valuation of 'the investor' and this is all she can do.
I have submitted photos of the actual home such as the ones below through the Equator System trying to get our message across about the home's deteriorated condition, but it seems that B of A would rather foreclose than accept the cash offer of $190,000 we have for this 1500sf home.
Seller has received a foreclosure date of May 21, 2010. Any suggestions to get this bank to face the reality that I HAVE gotten them the best deal they are going to see on this property? If not, the buyer is likely to walk and the foreclosure will take place.
Rotten Bathroom Floors with Crawlspace Showing Through
Rotten Woodwork and Railings
Missing Ceilings/No Insulation in Half the House
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It is NOT BOA on these Fannie and Freddie Files! You need to go after FANNIE! They both are out of control and WAY too big! Fannie and Freddie had also removed BOA's delegation authority. So BOA hands are tied when it comes to Fannie who basically acts like a government office. You need to get to your congressmen and woman and have them contact Fannie. We have had good luck doing that.
It is NOT BOA on these Fannie and Freddie Files! You need to go after FANNIE! They both are out of control and WAY too big! Fannie and Freddie had also removed BOA's delegation authority. So BOA hands are tied when it comes to Fannie who basically acts like a government office. You need to get to your congressmen and woman and have them contact Fannie. We have had good luck doing that.
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