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Updated over 12 years ago on . Most recent reply

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Tony Colavecchio
  • Ocoee, FL
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Negotiating with Bank

Tony Colavecchio
  • Ocoee, FL
Posted

I have an offer on a short sale and am waiting on the Bank to do the BPO.

I'm interested in any experiences/tips on negotiating with the bank(Chase Bank, single loan). There are some repairs that I anticipate needing and want to try to negotiate the bank into paying for them.

What I would like to do (not sure how realistic this is) is request the bank bring 10-15K to the table to resolve some key issues (ie. AC is out) and in return I will obtain my loan through them (given certain loan conditions).

I would think this would be in their best interest because their ROI would still be more and give them a chance to recoup some of their loss.

Any thoughts or experiences with this out there?

Thanks

Tony

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