Then they came back with a counter offer which I counter offered and ended up purchasing for 37,000 and assigned it for 12,000 and the deal closed in 2 weeks.

What has been everyones experience with counter offers and can I expect to get them closer to my number than theirs?

As the courtesy to other , I think they should let me know. no counter offer at all. the house has been in market since Jan without any offer.

I am about to buy my first home through foreclosure -- I accepted the bank's counter offer and signed all documents on April 8 (10 days ago) and agree to close on May 8(they want a quick settlement).

Most likely, they'll counter-offer and want to negotiate.

The bank has agreed to our last counteroffer on the purchase price but now they want me to sign a form stipulating that we have to agree to forfeit our 10K in earnest money if we walk away at any point after I sign off on the inspection (i.e. like if we can't come up with the cash for some strange reason).The bank informs us that this is there way to feel more secure--given my 45 day waiting period---that I'll pay for the property by the specified closing date.

I see why wholesalers HATE reos. lol. i have a reo under contract, the broker going behind my back making counteroffers on earnest money and closings without my consent. the original offer, i was mislead by the broker that the bank wanted a fast closing ( the broker wanted a fast closing). what i learned is YOU have to take control of the deal from the broker and if they dont budge, keep it stepping.

Thing is I haven't received many call backs or counter offers.

As for the lender's initial counteroffer, you need to be countering and re-countering until they call the police on you for harassment.

First of all, it that true that some realtor lie about counter offer to up the price.