Do Banks Counter Foreclosure Offers?

2010
02.23

Day 57 - 34 to go.

 

Yes, they do. Mine did anyway. I actually just thought they would deny our offer all together. But to my surprise… they countered! It took them exactly a week to get back to us with their new price. It wasn’t as great as we had hoped it to be, remember… we really lowballed them. Well, they highballed us back. I fear this could go on for sometime.

 

We have now countered their counter with another lowball number. This time we sent along a little ammunition. Pictures of the state of the interior and our contractors bid to bring it up to snuff… and the waiting game goes on.

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