Ok, you probably read my first blog about WAMU's negotiation process in short sale. This is an update... I recently received a counter-offer from the negotiator and I think it is ridiculed. According to the appraisal report, WAMU countered the buyer's offer $40,000 more without any credits to buyer. Plus, the realtor's commission is only 4.5%. I don't know what appraiser did WAMU used, but I know for sure that that house isn't worth $320,000. I've sent another comparables to the negotiator and asking her if she could renegotiate. Hopefully, it will not take another 30-days of waiting.
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Coldwell Banker - Novato, CA
Broker - Seniors Real Estate Specialist Novato
It sounds like wamu is not trying to sell the home. I would go back to wamu with recent comparables to support the offer you have and escalate it to a manger if you can't get anywhere.
Dec 22, 2008 05:19 AM
Quakertown, PA
e-PRO, Realtor - Bucks County PA - 610-952-3578
I know a short sale can be difficult. I wish you good luck with this one
Thanks
Don
Dec 23, 2008 04:16 AM
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