ok received approval from the first.....................giving GT who is the 2nd .$6000. Of course GT says no.
They want settlement of either $12,000 just release lien but not the judgement
or $24,000 to release everything and waive deficiency. Well between seller and my contribution we can contribute $9000 + first lien holder $6000......= $15K
well guess what, first lien holder says no way is investor going to allow any contributions from anyone. Either GT takes the $6000 or nothing.
Cant win dont know what to do...
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Can you switch to a HAFA and offer GT $8500? In a HAFA, they have to release too.
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