I had an offer in Feb. 2010 and now understand that I didn't handle all the info properly, at that time.

I resubmitted properly in April 2010 and spent the next 4 months on an all cash deal,( BOA website states a cash deal should take considerably less time), only to be requested 3 times in 10 days the same info. It got ridiculous. Never once was an email or phone call to the negotiator ever answered or return. THE ONLY WAY I GOT ANY ATTENTION WAS TO send an email to everyone on the list, as the negotiator just ignored me.

The final conclusion was a denial. The property has a huge mold issue and I truly do believe that this was not taken into consideration with the BPO or the investors, as to what the property can really sell for.

Does the condition of the house, that is - the huge mold problem and the unresolved water issue, adding to the mold issue,  have any bearing on the BPO or the investors thinking?

It is almost impossible to be away from your computer with equator.com, as you are only given 2 days notice to get any docs/etc in or  you face a possible kick-out and start over, while BOA/equator can take as long as they deem necessary . The process is maddening at best.

How could I have handled this differently so as not to have been such a time waster? 

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Linda. You can certainly upload info about the mold. I would send them an inspection report plus 3 estimates to do the repairs. They will take this into consideration.

Why was the short sale denied?
I did all of that several times along the way.
I have up to $30K to remediate the 'issues", and I still got a BPO of just under $79K.
If this house were in perfect shape, no poly pipes, mold, water damage, the CMA would be $100-105K.
2 bedroom, 1 bath, 806 sq ft..
With all the issues with it, I think asking $79K for it is unrealistic.
Seller cannot put any money into it, unemployment.
Buyers are not willing to pay much for such a mess. Especially when they start opening walls and get to see the real mess. BTW, the offer was not for an investor, but for a parent buying for their daughter, a single mom.
PS: all other offers were verbal and $20K less, than what the buyers offered.

reason below:
Decline - Investor Denied
This short sale was submitted to your Investor for approval and was denied due to (insufficient offer, not willing to sign a deficiency agreement, or contributing to the loss). However, if the seller is willing to sign the deficiency agreement or contribute to the loss or have the buyer increase their offer; we may be able to reconsider the short sale. Please send us any updated documents for the short sale to be reconsidered.
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