Asked by Smkkms78, 92562 • Tue Mar 8, 2011
Ok, I am a 1st time homebuyer, using FHA, I offered list price on a short sale, $150K, with $4500 closing costs. I received a counter offer of $169K with $4500 closing costs... but they did not want to pay for the home warranty, about $450. I accepted the counter as presented. Then, they came back and did not want to pay for NHD (Natural Hazard Disclousures ($200), only partial tax, second lien to property, only $750 max on settlement charges, so in actuality, the Seller wants me to pay their costs?!, another $4056.21. My doing so puts the price at $173K and the home only appraised for $172K in 2010. This is crazy, isn't it?! For a short sale?!
So, my question is; is this kind of back and forth common with a short sale? Are they just going to keep countering until I give them the world? I really liked this house, so I've waited through the process for it, but really, at this point and I'm about to walk away, but because I'm FHA it's hard to get anything. Words of advice?
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