Asked by Shalini Bhatia, North Bergen, NJ • Sun Jun 7, 2009
Three weeks back i found a Short Sale multi family home in North Bergen / NJ. It was listed for $450k. Orignally it was sold for $657k two years back. It was listed on craigslist.org by seller & his agent. I contacted the seller & his agent & went to see the home, I liked it & decided to go ahead with offer. I asked the agent is the price approved by the bank and which bank is it. He said its Bank of America & price is not set but assured me that around $410k the bank will approve. I have very good credit around 800 FICO score & putting 20% down towards the purchase. I signed the contract & the agent has presented it to the bank along with all paperwork. I have made the offer for $405k which i was advised by the agent. My real question is can someone with experience in this kind of deal help me what are my chances to get this home also there are no other offer so far. Has someone dealt with B.O.A before & do they negotiate & how are my chances to buy this home. Please advice.Thanks.
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