Replies to This Discussion

Permalink Reply by Barbara J. Rice on May 4, 2011 at 10:37am

I haven't done one in Chap 13, Jennifer, but it's possible that WF's counter-offer is just a SOP (Standard Operating Procedure) ... you know, they do it just because. :-|   I would recommend first countering back at your BK-approved pricing, tell the Nego (or remind them) that this is BK-approved, and see what you get back. If they still hold to their counter-offer you'll probably have to go back to court.

Oh, wait a minute .... let's think about this. How much would it cost your client to go back to court? If he used that money toward the short sale would that cover the difference of what WF is looking for?  Outback Thinking!!  Anyway, another angle to consider.

 

Barbara Rice, Las Vegas

702-523-7907

Permalink Reply by jennifer mullen on May 4, 2011 at 12:44pm

Thanks Barbara,  it won't cost him nearly as much to file for the ammended petition, I'm just so irritated that they made him do it in the first place and then would ask for more money when they have the court order in hand.  Good idea abt. countering at the original price.  I emailed the negotiator and told her he had no more money to go back to BK court and I was afraid buyer would walk if we had to wait another 30-60 days.  We'll see what happens...  Always good to look at other angles, though!