Settlement on a short sale (I have buyer) was postponed due to septic issues - which obviously cost my buyer extra bucks to get sorted out. Now Chase is saying they want an extra $1,000 since settlement was delayed.
Hello!? Buyer is already stretched thin due to problems, and they want more? Why are they jeopardizing this sale over $1,000 EXTRA? And in what world is the house now worth $1,000 more??
Anyone have any experience with this? The listing agent has a 3rd party working this, and they say the bank won't budge. I can't believe they would risk the entire thing over a BONUS $1,000.
Is this even legal/ethical?
HELP!
Tags:
Are you sure it's not a per diem rate? You mean they want to charge a flat $1000? I have never seen it before. I've seen per diem rates add up but not anything like you are describing.
I've got one chase file now with 6 short sale extensions and approvals. Tell them to pound sand and you want to see something in writing from Chase demanding the $1000
It's a flat $1,000. Per the negotiating company "He would not give the extension without the $1,000 fee on the HUD".
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.