I recently relocated from California to Illinois, and needed to do a short sale on my LA condo. I'm on my 4th buyer, after the first 3 fell out. The foreclosure process was started by the 1st, shortly before accepting an offer, which includes $5k towards the 2nd.
My agent, who has been great, feels that we need to close this deal asap, or risk losing the buyer. i'm also eager to wrap things up. I have a total of $10-14k to contribute towards the 2nd (incl. the $5k). PNC have been holding strong at $38k for a full forgiveness. I'm holding out hope that SB 458 will pass, which will keep PNC from pursuing any deficiency, but I'd certainly rest better at night w/ a full forgiveness. Should I call their bluff and say $10k or no deal??