Been hammering trying to get GMAC to accept our highest and best at $242K all cash on a SFR here in SoCal. Despite CMA work and 3 1/2 months of marketing (which includes 4 open house days and multiple private showings) they continue to tell us $255K. The house just isn't worth that much and they've 'camped' on their rhetoric saying "REO sales in past 12 months and the BPO say $255K". They won't budge.
Called GMAC last week to ask for a new BPO and negotiator. Got the new negotiator but he just refers to decision by previous negotiator; and says BPO is only 1 month old and they must wait 4 months to request another. I asked them to share BPO numbers - no luck.
Anyone with experience and suggestions here? Worked too hard to lose this one; especially since we're getting multiple offers in the $230K - $242K range which confirms our CMA work.
Just wondering..... this house has a 2nd lien for $85K w/Green Tree. GMAC has agreed to allow $8500 to go to them. Could there be anything complicit with this 2nd lien we don't know about causing GMAC to balk?