Forum

I am doing a short sale with CM lst, and 2nd with Chase.  Buyers agent sent me a request for repairs, and it was submitted to Central.  Central came back with a No, and on top of that they want 31K more. I asked why are you sending me a counter, right in the middle of escrow, when we are supposed to close on this on the 21st of this month.   Negotiator said that due to the appraisal, now the investor is asking for more moeny, or they will close the file.  She already knows, that Chase will not give any more extension, or review a new buyer. My feeling is to escalate this file. Even if the property was worth 31K more, which it isn't, will the bank rather spend that money on a foreclosre, than to work this file, and get their money is about 1 week?   If anyone can offer any help on how to counter this, I  really appreciate it.  Thank you.