We are buyers nearing the end of a short sale that has been going on for 3+ months. The property had 3 liens and the first 2 have been approved. The 3rd lien holder is Navy Federal and we recently…Continue
"In my experience Navy Fed is pretty quick to deal with, but they don't like taking a loss. :). They tell you what they need from the deal and they don't seem to negotiate much from their initial position.
The buyer should be…"
"You may be able to contribute to the 3rd lien. They should be asking if the investor on the 1st notes guidelines will allow contributions to show on the Est. HUD.
We are buyers nearing the end of a short sale that has been going on for 3+ months. The property had 3 liens and the first 2 have been approved. The 3rd lien holder is Navy Federal and we recently found out they were offered $750 from the 1st lien holder, but rejected the amount and countered with a request for $7,000.The seller is attempting to negotiate with NFCU, but we are not sure if they will be successful or how long it will take. Can someone please tell me what our options are as…See More
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