Harris Jones
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Navy Federal Junior Lien Holder Negotiation

Started this discussion. Last reply by Diane Gish Jul 23, 2014. 3 Replies

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

Tags: lien, Negotiation, Junior, NFCU, Federal

 

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Diane Gish replied to Harris Jones's discussion Navy Federal Junior Lien Holder Negotiation
"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…"
Jul 23, 2014
Brett Goldsmith replied to Harris Jones's discussion Navy Federal Junior Lien Holder Negotiation
"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. 310-564-6389 www.ishortsalenow.com Brett@ishortsalenow.com"
Jul 22, 2014
Harris Jones posted a discussion

Navy Federal Junior Lien Holder Negotiation

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
Jul 22, 2014
Harris Jones is now a member of Short Sale Superstars
Jul 22, 2014

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First Name
Harris
Last Name
Jones
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State
VA
City
McLean

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