On April 4th Bank of America countered our offer on a short sale, they didn't change the purchase price just some of the closing numbers. We accepted this offer and then we were told that it was off to the investor for review. After waiting weeks for an answer from the investor I was told that they countered again for an extra $144 yesterday that was a sewer tax they missed. We accepted of course, they didn't even have to ask for that amount of money. We are now told (again) that it is really off to the investor this time. My question is why would bank of america still be holding the offer weeks after it was supposed to go to the investor and what kind of review would have raised a red flag to the sewer tax at this point? Could the investor have actually found this in their review and had bank of america counter for them? I thought I knew were I was in this process but now I am completely confused. Any insight or similar experiences would be helpful.
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Who is the investor?
Bank of America is the servicer and I was told there is only one lien. I looked on the MERS website and ran a search by the address which returned JP Morgan Chase and Specialized Loan Servicing. I am not sure what that means but my guess is it is privately held. There is also no PMI on this loan.