Hello Group:

This is my 1st discussion so please bare with me.  I'm a broker-owner and attorney in the Chicagoland area doing business in the short-sale space for the past 10 years.  

Can anyone advise me on CITI escalation or other options?

1st lien = Seterus = $155,000.  

2nd lien (CITI HELOC) = $140,000

Contract offer = $275,000.  

The 1st is therefore paid in full.  My HUD-1 offers Citi HELOC $88,000.  Citi declined my short-sale as their value came back at $285,000.  (Note....I've already disputed their bad value 1 time when they said value was $308,000.)  Negotiator Debbie Simpson says there is nothing more I can do other than get a buyer to pay $285,000.  We're only $10,000 apart.  

There's no way CITI HELOC will get more from a foreclosure sale then my short-payoff offer of $88,000.  Such a poor business decision.  Thanks for your help.

Justin Gaffney