HELP! URGENT! NEED TO COUNTER A BPO from HFC!

How do I counter a BPO that came back too high? HFC came back with a BPO value $50,000 higher than the offer price! What do I do?

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Permalink Reply by Jodi on December 23, 2010 at 8:36am

Thank you so much for the reply! I am going to call them now and see what I can do. I may write a letter also. Thanks again!

Permalink Reply by Jim Schneider on December 23, 2010 at 10:24am

Jodi,

make sure you find out who the "real" decision maker is. HFC might just be the servicer, and you need to talk to the investor and/or the mortgage insurance. Talk to whoever is going to take the bath for the short fall. Use a quallified written request from the seller to the servicer, requesting the name and contact info for the investor and the mortgage insurance.

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