Suggestions Needed For Shortsale Counter Offer
I got a deal that the owners owed the bank $350000. $280000 on the first and $70000 on the second.
I placed a shortsale offer of $167000 and the bank came back with $260000, $259000 on the first and $1000 on the second.
To make this work I need the bank to come down to $230000 or less.
I need suggestions on what to do to get the bank to $230K or less.
P.S home ARV range from $305-$310K under normal selling conditions.
I placed a shortsale offer of $167000 and the bank came back with $260000, $259000 on the first and $1000 on the second.
To make this work I need the bank to come down to $230000 or less.
I need suggestions on what to do to get the bank to $230K or less.
P.S home ARV range from $305-$310K under normal selling conditions.
Comments(0)
I am countering at $190k and also will send them crime statistics and also a report on child molesters in the neighborhood? What do you think
That seems low. Be prepared for them to counter (which is fine) or walk.
I am hoping that their counter offer is right where I want them to be or close.
Guess what guys the bank countered at $208K. Amazing stuff
PropertyLion,
Would you mind revealing which bank this is?
Quote:
On 2007-10-18 23:59, PropertyLion wrote:
Guess what guys the bank countered at $208K. Amazing stuff
[ Edited by fremontss on Date 10/26/2007 ]
Congratulations!
It sounds like letting them counter certainly paid off for you.
: )