I am losing deals left and right due to the MI companies. Looking for any suggestions please! The last deal i was working on, the MI company came back wanting a 76,000. promissory note...of course the sellers walked. Any helpful ideas out there?

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JulieAnn. Prepare the sellers better. If there is MI then chances are they will be asked to sign a note or make a cash contribution. Ask your sellers point blank at time of listing if these are things they will do if required to. If they say "no way" then maybe think twice before taking the listing.

One advantage to signing a new note is that the old note goes away. The new note is also unsecured and can be negotiated at a future date. By signing the new note they are also avoiding foreclosure.

Short sales are not a free walk in the park. There are ramifications to not making your mortgage payments. One is the fact that they may have to sign a note.

Of course I am not an attorney nor can I give legal advice. The sellers need to speak to an attorney.
I would attempt to negotiate the MI amount upfront of your next offer. However, the real problem is that the MI company is most likely getting money from government programs. If you can find out who it is and find out what percentage of the total loan amount they are covering then you might be able to discover what their bottom line is. In negotiating with them, I would recommend that you never quit sending them new terms, don't be the first to leave the table. One last thought, there are times when a foreclosure is the only possible out and the best outcome for the seller.

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