The bank normally does not provide documentation in support of their counter. You can either meet their demands or walk away.
Keller Williams Atlantic Shore
None of us have any way of knowing what the banks will do next, but you would think that if you presented a solid offer, they would agree in an effott to avoid the expenses of foreclsoure. Go figure.
Not intimatey knowing the situation, I can only guess that the "approved' short sale amount was more than 3 months old. and if since that that time the neighorhood appreciatred in value, they would present a counter. In a depreciating neighborhood, one would hope they'd be happy to have a well qualified buyer and acdept the offer.
Your Realtor should be the one providing the documentation to support your offer, but if he bank perisists, move on as with todya's inentory opportunities are abudant. If this property is meant to be it will happen. If not, there are other that will prevail.
Love and Peace,
Francesca, ePro, SRES
If you reach an agreement then the terms of the contract will be adjusted to reflect the agreed upon price and terms.
I've been involved in a few short sales - and each one has been different, however the one thing they have had in common is that they are anything but "short" in duration. Talk to your agent and your attorney. And as has been reinforced on many posts on the topic, good communication among the parties is a great help.
Good luck to you!
"Unwavering Commtiment to Service"
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