Post # 1
Just wondering about this, I swear I have read on a forum either here or somewhere else a couple instances of:
Putting an offer on a short sale. Bank counters (you either counter back or not) and the end result is the Bank won’t come down to what you are willing to pay and you walk away. THEN the bank comes “crawling” back and accepts your offer.
Who has this happened to, and how long after? (We are in this place right now and have walked and it sucks out there compared to that house 🙁 We hope they “crawl” back to us and say ok ok sold!)
Post # 3
We put an offer in and the bank accepted. And then we had an awful inspection so we said no thank you, we just can’t afford to make all of those repairs. So the bank lowered the price for us 🙂
Not the same but still a happy short sale story!
Post # 4
I’ve always heard that the bank won’t budge. In my case, pretty much we said yes to whatever the bank requested. (sounds bad to all you buyers out there) This is because I’ve always read that the bank don’t care, there’s a certain number they have to get after netting all the transaction cost. If buyer walks, the owner has to find another buyer.
Post # 5
Depends on the market I guess… at this point not sure they will budge.. but if they do 😉 would be awesome for you