I have been working on a short sale now for longer that I care to mention (astronomically high Days on Market :-). We had three negotiators on both sides (attorneys, chase experts negotiators etc..) multiple BPO's (I have met all of the BPO agents) and BPO's supported the agreed prices.
Chase continues to counter around $280'sK on a property that on a good day is worth very low $200's. I have a cash offer that once again they have countered at $280'sK. Everyone that has been involved has thown in the towel. The seller is ready to give up - cash buyer will hang until the bitter end - so will I.
This week I will sink another bunch hours running this one up the flag pole. If anyone has a good escalation number that may work - I would love love to hear it.
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The same thing happened with me. Does anyone else get the feeling Chase just doesn't want to do short sales? Are they doing ANY short sales? Meanwhile, it seems like B of A is working faster and better. Why isn't Chase?
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