Just received a denial letter from OCWEN (prior Litton loan) stating that the owner of the loan did not approve the sale. If we desire to submit a higher offer within the next 10 days, we may do so or the file ill be closed. So I called OCWEN. Didn't get India....hooray! I asked how much higher they would want. She said that she could not see any notes on the account about a specific value and that I should just submit a "slightly higher' offer. When I asked what slightly higher looked like, she said vague things. Really? And when I asked if we had a specific negotiator I was told they could set up an appointment for me to speak with a "relationship manager". Yeah, been there, they give you a 15 minute window, don't call you, and then lie about it later and say they did. I have no idea what to do now.
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I just left this on the CDPE site for you: Ask the buyer to increase the offer by whatever you feel it will take to reach market value then resubmit a revised contract, new HUD and a full blown CMA justifying the price.