Replies to This Discussion

Permalink Reply by CJ Wright on May 29, 2010 at 4:44am

You ROCK even more!!!

Permalink Reply by Kent Dills on May 29, 2010 at 6:53am

Agree with CJ. Great job Jeff. That was an excellent negotiation job!

Permalink Reply by Sherry Wheeler on May 29, 2010 at 9:21am

How did you do this?!!!

Permalink Reply by cheryl faulkner on May 29, 2010 at 11:45am

Do you do your own negotiating with B of A about the deficiency language? We are very new to this process and just found this site. Thank you for your news.

Permalink Reply by Brigitte Powell on May 30, 2010 at 1:51am

Why did they take this?
I have one with USAA/GMAC and the investors want 13,000 over the tax assessed value and the MI co wants the seller to contribute 70,000.............LOL!!! The Seller bought it in 2007 with no money down 399,000 . The appraisal for "the buyer who lost this" was 327,000 and the buyer's offer was 315,000/ by the way, the Seller who has been delinquent now since Dec 2009 has still not received a foreclosure notice....???
Comps in the area are going for 113.00- 116.00 per sq/ft and have twice the bedrooms (more family friendly in this family neighborhood) This one is a two bedroom, den 2,500 sq/ft home with really nice kitchen/granite countertops,cherry cabinets, tile and hardwood floors, no basement (all the others have basements) Lot is on the corner of not one but three streets. BUT, Seller makes really good money with nothing to show for it/no savings of any kind....which could be an issue.
Also, why would BoA remove their deficiency language on yours? I find that really interesting. Can you explain?

Permalink Reply by Brigitte Powell on May 30, 2010 at 1:52am

One more thing, why would BofA remove their deficiency language on this one? Thank you