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Tue, Aug 30, 11 at 17:12
| For those of you who have been through the process. When you have an offer written up and it goes to the bank, is there a process where they try and negotiate with you since they know your interested in the property, like you would do with a "regular sale" home. Or, do they flat out send it back as a REJECT! |
Follow-Up Postings:
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- Posted by ncrealestateguy (My Page) on Tue, Aug 30, 11 at 21:51
| Just like any seller, the bank has three options: 1. Accept 2. Counter offer 3. Reject I have seen them do all of the above. I almost always advise my sellers to never reject an offer. A lot of buyers will lowball the first offer, just to test the waters. I have seen these same buyers come up substantially after that, and come to a deal with the sellers. |
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| Are you speaking of someone in a short sale situation? |
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