This is my first BofA SS to negotiate...... Its has all gone fairly smooth considering its an FHA deal so we have not had to deal with Equator...THANK GOD!

We received our HUD 90045 today stating net price $220k which is 88% of appraised value of $250k. Listed property 4/24/10 (over 60 days on market and this is our only offer). Purcahse Offer $200k. Per HUD guidelines: Properties listed over 60 days should reflect 84% of appraised value....which still is not where we need to…