Forum

I received a counter with equator/ Buyer does not want to perform what should I do accept counter??

Posted by Juan Flores on February 27, 2010 at 7:05pm in Short Sale Discussions
Hi, I need your help Been working with this short sale for almost 18 months. Now is on equator they send me a counter. Counter is the same offer i submitted. !!! Question Buyer Does not want to perform should I accept Counter Offer. Then Bring A Different Buyer or I need to res star all over Again.
Please Advised.

Accepting Counter will give me approval Then I could Changed Buyer.?????

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Email me when people reply –
Follow

Replies

  • Juan Flores March 2, 2010 at 7:30pm
    Thanks Wendy I did check the counter everything was the same. Just the closing Date was the only difference.


    Wendy Rulnick said:
    Hi Juan - The counter might have a change on the HUD, check those fields carefully. I see your deal might be dead anyway, though.
  • Juan Flores March 2, 2010 at 7:28pm
    Thanks Victor I just accepted the counter waiting on bank Response. Hope i get approval.
    This Equator system is new to everybody i guess.


    VIctor T. Gurrola said:
    What I do, I get the approval, match the new buyers offer as close to the counter offer as much as possible or at least have the bank net close to the same amount if not more and make sure you send in buyers proof of funds and increase the deposit amount to show strength.
  • VIctor T. Gurrola March 2, 2010 at 2:42pm
    What I do, I get the approval, match the new buyers offer as close to the counter offer as much as possible or at least have the bank net close to the same amount if not more and make sure you send in buyers proof of funds and increase the deposit amount to show strength.
  • Wendy Rulnick March 2, 2010 at 9:06am
    Hi Juan - The counter might have a change on the HUD, check those fields carefully. I see your deal might be dead anyway, though.
  • Bryant Tutas March 2, 2010 at 1:17am
    Juan my guess is that the acceptance is buyer specific if it's a BofA Short sale. You may have an issue swapping out a buyer. You should call and see if they will let you do this. If not you may just have to start over.
This reply was deleted.
********************************** like buttons ************************