Been working back and forth with the negotiator to get an offer accepted. While she has been pleasant she thinks I'm a mind reader and talks in code. Any help or guidance would be greatly appreciated.

 

  • Offer 105K FHA with 4% in buyer cc
  • Bank Countered at 105K and removed cc net to them was 94,649
  • I called Neg and shared the cc assist was very important. I asked if we could up the pp to allow for the cc, she told me to go ahead and she'd do her best.
  • Resubmitted at 112K with 4200 in cc and by mistake the title co added in utilities net them 93,943, she rejected.
  • The negociator came back and countered with BOA bottom line at 114K STILL backing out the closing cost assist.
  • The net to the bank at 114K was 100,023 if we added in the cc it would bring the net to 95,823

 

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Replies to This Discussion

Hi Mary,

Resubmit  the offer with updated HUD . Be sure to include the requested closing costs and inform the negotiator that seller is requesting file be sent to HUD for variance and approval.

Hi Mary resubmit the offer and include your closing cost request. Inform negotiator seller is requesting HUD variance for the transaction

Hi Mary,

 

Linda is right on with asking for a variance as hud will usually only pay 1% if buyer is doing an fha loan.  Also look at the bottom of your negotiator's email. There should be the contact information for their manager. You can try copying them on the emails if your negotiator is not responding to you. 

Mary,

 

reach out to Bofa on twitter for help to look into this. My experience has been CC being approved for what is typical in our area about 3%  As Linda stated, get a corrected HUD ready to resubmit as well. BofA's sosial media team may be able to assist you to get this approved. Don't let this third party insist on telling you no! send them a direct message on twitter @BofA_help and included the property address and best time/method to reach you. they have been super to help out! GL, keep us posted. :)

Linda, Justin and Eric-

 

Thank you all for your guidance! I bypassed the negotiator and went to twitter. Resolved and now being handled by BOA Twitter Escalation Team.

 

Do you all know if Citi offers the same thing on Twitter? I have an offer on my listing (since sept 2011) redemption up in May ) still no answer. The negociator has been switched and we can't get ANY answers.

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