E no I have not worked with Recon yet. Why did the home fall out of escrow? Was it because Recon did not accept the previous offer or was it because the buyers just bailed?
The 8-12 weeks is to get documented acceptance from the lender, (from offer to getting acceptance). So basically that is to get to the start of escrow.
I do not believe that 10% below asking is unreasonable but it doesn’t matter what I think. It will be up to the Recon negotiator and the valuations he receives from the appraiser and/or the BPO. Try to find out why the previous escrow crashed.
