Under what circumstances are the negations with the lender? Here are just a few:
1. New Purchase
3. Loan Modification
4. Short Sale
Each of the above items has a different answer that is never a cookie cutter.
If you are a real estate professional do not attempt to enter into loan terms or their negotiation on behalf of a borrower.
You will be breaking the law.
Harris Bank, NA
Your Listing Agent and or Attorney will negotiate the price. But in reality, the bank will send out an appraiser or real estate agent to do a BPO (Broker Price Opinion) on the property. Then both figures will be taken into consideration. Please feel free to call me if you would like to discuss this further.
Newman Realty Group