Friday, October 7, 2011

Short Sale Fail...

The Short Sale Lender countered again. And they countered with $375,000 -- the same figure they countered with before. Stick a fork in me, I'm done. The Short Sale Lender is clearly telling me that $375,000 is its bottom line.

Seriously, BofA??? You want me to pay the same amount that someone else paid for another pristine unit? This unit has dingy carpet, old paint job and crappy appliances.

No thanks. I'm not going to bid against myself for a fixer upper. I'd rather pay more for a move-in ready unit. I'm walking.

3 comments:

Michelle P said...

Good job for not caving to their offer. I'm sure you'll find something better.

In Debt said...

On to better things! Bankers need to get real with what they expect to get for a distressed property. 3.5 years ago our short sale offer was turned down too. As it turned out, we went to the foreclosure auction and bought the house for $40K less than we had offered 2 months earlier. :)

paranoidasteroid said...

I know it must be frustrating, but you're probably better off. You knew what the unit was worth to you, and I bet in a few more months, they're going to be kicking themselves because they'll probably have to settle for even less!