Whew! What a day - and it's only noon!

Been playing gnip-gnop with my agent all morning via email on several issues.

First, I went ahead and submitted four of the six offers to her this morning (I can't submit the two HUD's yet). She sent a reply saying she has been eyeing some Freddie Mac foreclosures in my neighborhood, and wanted to know if I was interested. I haven't even heard of these before, so I responded I would have to look more into the numbers first - especially since they have an asking price around $250k. She said if they sit a long time, they usually take a lower price - even 70% asking.

Second, she neede my SSN in order to submit the other HUD properties. She asked to call her vs. emailing her the information. I just now got off the phone with her on that account as I've been in meetings most of the late morning.

Third, she says one of my offers from last week was countered by the bank. This was the property that had an offer higher than mine when I submitted it, but they backed out making me the only bidder. The original list price was $114,500, with an ARV of $131,000. My original offer was $78,000. Now they dropped another $8,500 to $106,000. I told my agent to counter their offer with an offer of $86,000. I figure I can still come out with $10k+ on this deal with an offer of $95k, so I have another $9k of room to bargain.

After work, I'll swing by her office and fill out the docs.

I called my wife to tell her the news. She didn't sound very enthused, but she didn't give me any grief, either. I told her I'd go over the paperwork when I get home, so as not to leave her in the dark.

Damn this is getting fun!!!