Approved Seller Concessions
Here's a great topic of discussion and maybe some members have some feedback.
Does anyone have any feedback about the end result of full price offers to Greentree that ask for full 6% concessions on closing costs, escrows and prepaids on aged short sales?
Does anyone have any feedback about the end result of full price offers to Greentree that ask for full 6% concessions on closing costs, escrows and prepaids on aged short sales?
Replies to This Discussion
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Permalink Reply by Ben Benita on
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Getting 6% approved from Greentree....I can tell you knowing NOTHING else about your short sale that you are in for a BIG fight.....
I wish you all the best, but, would be SHOCKED if it got approved.
Greentree is VERY good at negotiating and unless you have a private investor on the note that says they ONLY care about their NET (you should found this out ASAP), your offer will be denied (but at least you will have some idea of what Greentree will approve)
keep us posted..... -
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Permalink Reply by Donna Paul on
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I know that getting 6% is very difficult at this time.Many Banks don't want to take the risk just in case the buyer doesn't get approval. I know that they have approved 3% , so try and get 3% from them so that you could close the deal...
All the best..... -
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