Gingerbread Latte
Well-known member
- Joined
- Jan 13, 2011
- Messages
- 129
- Reaction score
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The bank decided they didn't like my proposal and wants me to raise my offer. The house is close to forclosure and I offered to SAVE them the trouble of paperwork at a reduced price. They didn't outright laugh at my offer and it took them 2 weeks to get back to me, so I think they seriously considered it.
I sincerely hope the owner can sell it at her asking price or even the payoff value. I've been on both sides of negotiations. My proposal was to buy her loan at a discount and let her off the hook. I understand the bank is just doing their job.
I told them to leave my proposal on the table, I'll use this time for due diligence and REMAIN an aspiring for a little longer.
I sincerely hope the owner can sell it at her asking price or even the payoff value. I've been on both sides of negotiations. My proposal was to buy her loan at a discount and let her off the hook. I understand the bank is just doing their job.
I told them to leave my proposal on the table, I'll use this time for due diligence and REMAIN an aspiring for a little longer.