Hey everyone!!! I need HELP! LOL.
I have a listing with seterus as servicer, and I can't get them to go anywhere on this. market value for the home is 90-100k based on condition, bank wants to net 130K no ifs, ands, or buts. It's not going to happen. I try to show him with comps etc. and he won't hear it.
Anyone have a contact higher up or an idea on how to get them to come around? Really want to save my client from a foreclosure.
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Same thing happened to us 2 months ago with Seterus. The market value for the property is around 88k. BPO came back higher. Seterus countered back with 110k. We submitted a dispute. A second BPO came back with the same. Buyer walked away. We started the sale 3 months before the redeemption period ended. Seterus took the property back. They spent $ on new carpert, clean up, and paid the unpaid water/electrity bills. Guess after all the work how much it is listed now? 94k!
Submit a dispute. Find comps around the subject area. Make sure comps are in pdf file. send in a statement about all the repairs needed. that would help. show them the showing activities report with feedbacks. be nice and go to upper level.
My last negotiation with Seterus was with Rick Paget and I liked him. I'm not sure of his rank, but he talks and acts like a pro. 866-570-5277
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