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Updated over 14 years ago, 05/14/2010

User Stats

11
Posts
0
Votes
H. M.
  • Real Estate Investor
  • Savannah, GA
0
Votes |
11
Posts

lender wants a 2nd bpo ...

H. M.
  • Real Estate Investor
  • Savannah, GA
Posted

When the offer was made, the lender ordered an appraisal. The lender countered with a net of 85% of the appraised value. I made 3 counter offers but, they wouldn't budge from the 85% net.

In order to postpone the foreclosure, I accepted their net. Now they've ordered a second bpo!

I thought we were done when I accepted their net. Thought all I had left to do was to finish negotiating with the 2nd mtg.

Any advice?

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