Here is what happened - We got a contract at the same time that we got a 2nd appraisal.  The first approval to participate was $142K.  The contract was $135K.  The second appraisal was $135K we got a 2nd approval to participate at $135K.

We submitted the 2nd approval and the negotiator asked if I had countered at the fair price of $142K.  What????

How does it work?  Any help?  Greatly appreciated!

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define "approval to participate"


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