LCS financial problems

I am working on a short sale for my buyer and our buddy LCS Financial is working us over. The first is offering $5,800 and LCS wants $13,000. $86,000 is owed to the second (LCS). We were to close today and the PMI did not like the scenario. We need to close by in two days or the first will foreclose. I thought this practice by the second was illegal, but my buyer is willing to pay as long as it is disclosed on the HUD. (which it is) What is my next step to help my buyer.

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Permalink Reply by John Treadwell on June 23, 2010 at 6:38am

If it's on the HUD and everyone signs off to the deal. Then I go with it ? It's when they want it outside of the hUD at closing that become a question of legal or to say fraud? Cause the 1st runs the show ,and as long as they say Ok

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