Aurora asking for cash contribution that my seller cannot afford!!

We have been under review with Aurora since September of 2009 and have been "declined" twice before.  We have finally gotten an negotiator but she is asking for an amount that my seller cannot come up with.  After we sent in updated financials and hardship to her we countered at what my seller could afford.  Her response was that it would not suffice and closed the file.  I have sent a fax to Freddie Mac the investor but would love any other advice on how to get this done.

 

Thanks

Views: 49

Replies to This Discussion

Permalink Reply by Kelly Walters on February 1, 2011 at 6:00am
Did you ever get any assistance with this? I keep running into the same problem with all Freddie Mac files. I'm about to lose a deal with BB&T because they want a $7500 cash contribution or $15,000 promissory note from my clients that are seriously contemplating bankruptcy at this point. Negotiator says she is closing the file.

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************