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WAMU - part 2

By
Real Estate Agent with Connect Realty

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. 

Comments(2)

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Michael Wayne Jackson
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
D B
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