Hello All,
We received approval on the 1st (Chase) and we've been going back and forth with the 2nd (PNC). Negotiator said we would have approval if Seller contributed 10%, both buyer and seller contributed to meet the 10%. It was submitted for investor review and the investors came back and said they wanted $25K. This was an extreme hardship short sale so it was a no go with the $25K contribution. PNC didn't want to give a promissory note because the Seller had previously filed for BK.
Are there any other straegies or options that you would have tried...or are the sellers simply S.O.L.
Thanks in advance for your $.02. I unfortunately have another PNC short sale coming up.
Lydia
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