Midland is telling my agent that the client has to pay a per diem rather than issuing us an extension. I've had banks issue per diems before but that was after issuing about 3 or 4 extension letters first.
Has anyone dealt with this Midland Mortgage scenario?
I would negotiate hard and state if they want to settle they will provide a free 14 day extension. Some lenders will like to capture revenue anyway they can and this is yet another example on the Sheep.
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.