Bank says no counter on Short Sale?
So, 3 weeks ago, I found a house on the MLS listed for $74k, I made an cash offer on a short sale and it was accepted by the seller. Today, I got a phone call from my agent saying that GMAC negotiator wants $90k for the house and she said no counters. I was like WTH? no counters? I never heard of that before.
Have you guys had any banks / negotiators saying that?
Property is in Las Vegas, and the past 3-5 months has been crazy on houses at this price range.
Not sure if this matter, but the bank statement that I gave them when i submitted the offer had a balance of $91k.