Jun
28

What is the reason of strange short sale counter offer from seller?

By
F asked:

Seller accepted our offer on a short sale. Our offer was nothing more than 5K over the asking price and 20% down.

Seller accepted our offer then a week later came back with the counter offer below:

“We will agree to the ‘best prevailing rates’ at the time of the closing
of the escrow.”

What is the purpose of this counter offer before sending it their lender for approval?

Of course we the buyer would want the best mortgage we could find.

Is there some hidden agenda here?

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