TO COUNTER OR NOT TO COUNTER- SHORT SALE
Hello! I made my short sale offer with Aames bank of 25k. They came back and countered me at 35k. I sent them a new settlement statement along with an acceptance fax of this amount. One week went by (while I was waiting on the tax lien information from title company) and they called and rejected me! I was shocked. my sellers sale date on his house is may 9th. I countered again at 40k... I already have this sold at 63k, but not much more in it for me at 45... Can you request something in writing from the bank instead of a verbal? Boy these lenders are in the drivers seat and it is not fun! 
On the first day of class, a real estate law professor told us, "What ever isn't written is rotten..."
Good point-- however that is my question, can I request something in writing, and are they liable to provide to me?
i am also interested in finding out if a bank is required to provide written documentation upon acceptance of a short sale price.
Hi yatuck,
I'm not certain if they are required to, but I certainly wouldn't move forward until I had on paper from them. You can always tell the bank that your attourney wants to order title work, but wont do it for you until the bank provides you with the short sale agreement in writing.
Shortsalepro is absolutely right . . . if it is not written, it is rotten. I like that and it is very true.
Best of Success!
BAMZ