I am the potential buyer on a B of A short sale. Submitted our offer on August 13th. B of A just countered and they want $3k more from us and $12k from seller (cash and note).
The seller has no cash and we don't yet know if she will sign a note, and we can't increase our offer due to financing limitations (we are just about at max for what we are pre-approved for). So we are countering back with our original offer.
Has anyone ever countered back with an original offer and gotten the sale approved? I'm concerned that they might decline and a few success stories of the same instance would make me feel better. We have waited 2 months and i'm getting anxious.
Thanks for your input!
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