Quote:
Originally Posted by Porsche-O-Phile
Risking throwing away a sale over $6k is rational?
I'd have told them to shove their "counter" right up their keisters - take it or leave it.
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Do you think bank asset managers are in the least bit emotional or care whether you want the house or not? The bank probably didn't even know it was for sale when we made our offer. And since the sellers had long ago stopped making mortgage payments, I doubt the bank was in any mood to roll over for another $6k below what their BPO's said the place was worth. Once they got moving on the short sale approval process, rest assured, they were simultaneously getting things ready for foreclosure, just in case the deal didn't close. They were already looking at a six-figure loss on this house, so I'm surprised they even let it go. It was a paper loss until we bought it. Then it became a real loss for them.