They countered at the appraisal value, it is a good counter, our offer was 140,000 and they countered at 152,000. The only problem is that the homeowner is 2 years in arrears on the HOA and BofA won't pay it unless it is a lien on the property. The HOA has not placed a lien yet....
Wendy, it is at Majestic Beach condos and their HOA attorney would just as soon burn down his house just to prove that he is homeless. He won't negotiate the HOA dues at all, he would rather let it foreclose and only get 6 months of it.
Me Too... 2 counters, 1 of them approved out of 3 files on Equator... I now like Equator...
Daryl, How long after the BPO did it take for them to send you the counter-offer?
Daryl New said:Me Too... 2 counters, 1 of them approved out of 3 files on Equator... I now like Equator...
I submitted an offer of $190K all-cash for a condo I had listed at $225K (market value) on Oct. 16 and received a counter from BOA on Dec. 16 for $228K. The buyers re-countered at $215K which I submitted on 12/17.
Weeks went by and had not heard anything back, I kept calling and was given the run around, finally one of the reps informed me the negotiator had a task that was overdue 3 weeks..... What task you ask? To review the counter offer!!
I finally received what I call an "Acceptance" even though it was a counter, BOA agreed to the $215K price with the only change being to the settlement date to March 1st. The buyers accepted the same day, I still don't have an approval letter fro BOA, and was just told they are waiting for the investor to approve it.
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