Wamu

My offer to Washington mutual on a property was $93.000, they answer back with $104.900. the original loan on that property is $172.000.
The B.P.O came with $100.000 value.
When I spoke to them I told them that the value is $100.000 and she said that it doesn't matter since the original loan is high.
What do you think I need to do? to stay with my original offer or to increase my offer?
thanks

Regardless of whats owed the investor is surely not going to expect to get MORE than fair market value. Resub an offer at 95k and explain thats the most the buyer is willing to pay and see what happens. You can always go higher later time permited.

Stick to your guns. Make a lower offer in a week. They will except it. Good luck!