Hi all, I need help with a referral I got through the SS Network, 1st and 2nd with Provident Funding. Seller paid upfront $ to a law firm from out of the area who insisted on being the authorized party to do all "negotiating" with Provident. I don't think they have been doing much of anything other than take my seller's cash, and the seller feels he's been hung out to dry. We had 3 offers at $270,000 (pretty much market value), Provident ordered a BPO and came back saying they won't even proceed with a decision unless we have an offer of at least $305K. Not going to happen. I put the house back on market at $305,000 and have not had one showing after several weeks. Law firm will not even argue the value with the Provident negotiator, they said "well too bad I guess it's going to foreclosure". I am having the seller authorize me to speak to Provident as well to try to get a 2nd BPO/realistic valuation. Has anyone had any experience good or bad with this company or have any contacts? Thanks for your help, I hate to see the house foreclose.
Yeah, but this hasn't even been submitted to Freddie. It's just the bank calling the shots right now and no willingness to negotiate. I completed a new market analysis for them myself today and sent it over. I hope they take it into account.
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