offer to bank denied

Foreclosures, Short Sales, Tax Foreclosures
1

I have offered bank 110k. BPO came back at 135. I called and talked to bank this morning and they said the offer was too low.

I don’t have any experience to draw back on, but I feel like maybe I should just stay at offer of 110 and see if they accept as the offer was very well justified(in my opinion) in the package.

Just a side note: I have two serious buyers, one who will pay 125k cash on the spot and another who wants to live in the home and finance(I think he’d pay 135 if not higher)

I appreciate any insight from those more experienced(which basically qualifies everyone)

2

If the property has issues document them, document what is happening when homes go to auction (in my neck of the woods the overwhelming majority go back to bene), and document comps.

God willing they will see the light. We lost a deal where the BPO came back at 350K and the house was only worth 250K. I tried and tried and tried to make them see the light, but all to naught.