I have a few deals and Countrywide is the lender! They appear to be hard to deal with from what I have been reading from others on the site. What % should I offer them so my deal won’t get rejected? Is the % off of the loan amount or the appraised value?
Your offer should be based on what you believe the house is worth.(Repairs, Liens) No matter what you offer there going to send a BPO to get a actual value for the home. If your close to the BPO, then you’ll probably have a deal. If not they will counter.
My offers are dependent on both the loan amount(s) and projected BPO. I say that because it makes a difference if there is one loan vs. two loans.
A little off topic but, in my experience, Countrywide will order a full appraisal through Landsafe, which I believe is owned by Countrywide. Just wanted to make that distinction from a “BPO”, in case it helps (although I know that the terms are used synonomously here). So, everytime I have a CW deal, I make extra sure my homework is done in order to best affect the appraisal.
Hope this helps…