Did the seller respond? If it was after the due deligence has elapsed, the buyer does have options that must be exercised in writing. Is your buyer trying to get out of the contract? Why else would both agents allow the seller to go beyond the due deligence period?
Yes, they will. Your concerns might not be their concerns :-).
To make your Amendment a little bit more attractive, you might want to check that little box on the bottom, where it says, if they agree, the due diligence is hereby over and also ad the special stipulation saying that if you don't come to an agreement, this amendment automatically serves as termination of the contract.
All of that needs to be done within the due diligence period. If you are past that time-frame, you have accepted the property "as is".
But other than that the Amendment to Adress Concerns is another part of the negotiation process.... more
For anybody seeking coaching & training, I'd suggest attending the Agent REO Secrets webinar at Harris Real Estate University, which is focused entirely on how to list REOs, make money from BPOs, and how to become a HREU Lender-Preferred Agent.
There are also a lot of other great free resources online - I'm the volunteer coordinator for the REO Pro agent network, and I see lots of discussion & advice there on a regular basis about REOs, BPOs, companies, and who's got volume at any particular time.... more