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Equator acceptance,09/20/10, then they add a line 09/21/10

Posted by Michael Miller on October 3, 2010 at 2:20pm in Short Sale Discussions
BOA approved a counter offer of 158K on 09/20/10(paying 5000 closing costs), then on 09/21/10 revised and added 5000( cash contribution 1St lein), and reduced the closing costs to 4750.My Attys para legal cannot make the HUD balance, can anyone help?

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Replies

  • Darlene Krause November 9, 2010 at 6:09am
    Need more information in order to provide help.
  • Jeff Pereyda October 8, 2010 at 5:00am
    They did that to me too AFTER we agreed to their Equator Counter Offer. A day or two later they upped it by 5k. Then they messed up on the approval letter saying "0" to satisfy the second. They backpaddled after we had discovered it for them. They shortly produced another letter nullifying the previous letter. Get them on the phone, not Equator for something like that.
  • Wendy Rulnick October 5, 2010 at 11:40am
    YES I have had them mess up, then add an amount needed to pay the investor (could be MI). The closing cost reduction is not much. It's best to talk to the human being at the other end and get a human response. People make mistakes :)

    Michael Miller said:
    You are correct, Thanks for replying.Have you ever had them add any amount of money to pay off the MI?
  • Michael Miller October 5, 2010 at 11:38am
    You are correct, Thanks for replying.Have you ever had them add any amount of money to pay off the MI?
  • Wendy Rulnick October 5, 2010 at 10:26am
    You need to contact the closing negotiator by phone and email. Check Equator for contact info. I've seen them goof on the first version of the approval letter and change terms on the "corrected" version. This may be the case.
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