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Updated over 14 years ago, 05/14/2010
lender wants a 2nd bpo ...
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?