HI ALL
I AM DOING A SHORT SALE FOR OVER 7 MONTHS NOW, THE SELLER TOOK SOME TIME WITH SUBMISSION OF THEIR DOCS AND THE NEGOTIATOR WAS LOUSY
NOW THAT THE BANK COUNTER OFFERED. HERE IS THE DEAL THE INTERIOR BPO CAME IN AT ABOUT 15K LESS THAN THE CONTRACT PRICE THE BUYER IS WILLING TO PAY.
HOWEVER THE BANK ONLY WANTS TO PAY $ RECORDING FEES AND TRANSFER TAXES AND COMMISSION. FOR A TOTAL OF $2350.00\
THE BPO CAME IN AS I SAID AT 15K LESS THAT OFFER PRICE. DO I ACCEPT THE COUNTER OFFER AND HAVE THE BUYER PAY THE ATTORNEYS FEES, TITLE CLOSER FEES, AND THOSE FEES THE BANK REFUSES TO PAY OR CAN I USE THE BPO VALUATION TO GIVE ANOTHER OFFER. HOW WOULD I HANDLE THAT AND YES AGAIN THE INVESTOR HAS TO APPROVE. TRICKY, SAY NO AND LET BUYER WALK OR YES AND CALL IT A DAY
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Replies
Bella,
What lender is this with? What state are you in? Title closer fee's as in settlement and title insurance? It's hard to answer your question as there is a lot of important details that you didn't disclose.
Brett@ishortsalenow.com