Not sure how you put the blame on them. They have no clue what the bank will take. Most of the time the number you see is based off of a number that was established and slowly brought down until and offer shows. It really is quite interesting. A pain but quite a game. The process has some many different variables that it is really hard to explain the entire process over a thread. I have taken many classes on it and still learning every day. If you would like to learn more over a cup of coffee, give me a call and I would enjoy explaining what I have learned.
BTW, sometimes the number is the correct number that the bank will take because the process has already exposed itself and BPO has been obtained.
If I am the owner it would be my responsibility to list my home for a price I could sell it for. What does the bank have to do with that responsibility. This sounds a little to Liberal or Social for my liking.
So what you are saying is there are Realtors who list property for a price that might be acceptable or might be bait?