Mike Giancanelli's Page

Mike Giancanelli commented on Bryant Tutas's group PNC Bank

"What is PNC's policy on representing both ends of a transaction. Also will they allow an agent to represent them self. "

Jan 20

Ryan Simpson replied to Mike Giancanelli's discussion Help!!! 1st and 2nd won't let 3rd get any $

"Depending on the size of the 3rd lien, you might want to get your client to a bankruptcy attorney. Through a chapter 7 bankruptcy you can strip all non-consensual liens off of title."

Jan 15

Jenny Darling-Hampton replied to Mike Giancanelli's discussion Help!!! 1st and 2nd won't let 3rd get any $

"I have been working with this type of situation and found that doing the following has worked. The 3rd has to give short sale approval in writing prior to any funds being paid to them. My seller has sent a payment to the 3rd directly as a normal…"

Jan 15

Joey replied to Mike Giancanelli's discussion Help!!! 1st and 2nd won't let 3rd get any $

"Did you check with the title company to see if they are on actually on title?"

Jan 15

Jaryd Ruffner replied to Mike Giancanelli's discussion Help!!! 1st and 2nd won't let 3rd get any $

"Usually, that 3rd will have to be settled before closing. The 1st typically won't allow a contribution to the 3rd that large regardless of who the contributor is. Many times this can even be an investor guideline if 1st is Fannie or…"

Jan 11

Wendy Rulnick replied to Mike Giancanelli's discussion Help!!! 1st and 2nd won't let 3rd get any $

"Good luck! You GOT it!! Give us an update. Glad you like the site, too :)"

Jan 10

Mike Giancanelli replied to Mike Giancanelli's discussion Help!!! 1st and 2nd won't let 3rd get any $

"Thanks Wendy - Wow I can't believe it. I did that exact thing on a Carrington deal a few months ago. It was how Carrington had us payoff a 2nd. Thank you for your help on this. P.S. Love the site."

Jan 10

Wendy Rulnick replied to Mike Giancanelli's discussion Help!!! 1st and 2nd won't let 3rd get any $

"Hi Mike - Often, the other liens do not care at all if the buyer pays a lienholder, only if the seller does... You can ask OR you can submit a HUD for approval showing the payment. "

Jan 10

Mike Giancanelli replied to Mike Giancanelli's discussion Help!!! 1st and 2nd won't let 3rd get any $

"Thanks for the info, The 1st and 2nd have agreed to a purchase price of $740K and the buyer is willing to pay the additional $12,000 to the 3rd above the $740,000. The problem is how do I have them pay it and not let the 1st & 2nd see it on the…"

Jan 10

Wendy Rulnick replied to Mike Giancanelli's discussion Help!!! 1st and 2nd won't let 3rd get any $

"Mike - It sounds like the collection agency has a judgment lien on the property. We get that situation in Florida quite often. You can do a few things. Have the seller settle with the collection agency at any time prior to closing. They…"

Jan 10

Mike Giancanelli posted a discussion

Help!!! 1st and 2nd won't let 3rd get any $

I have a 1st with GMAC, 2nd with BofA and 3rd with MCT Group a collection company for USE Credit union. The 1st and 2nd have agreed to the short sale but will not allow any $ to go to the 3rd. The 3rd wants $12,000. Has anyone experienced this before. I have never had to deal with a 3rd.See More

Jan 10

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Brent Innocenzi replied to Mike Giancanelli's discussion Help!!! 1st won't agree to what the 2nd wants

"My experience with Carrington has never been a positive one. Every negotiator I have ever worked with has been very difficult to negotiate with. i.e. - BPO value was $145k and our offer of $150k was declined and the negotiator stated unless we got…"

Aug 29, 2011

Wendy Rulnick replied to Mike Giancanelli's discussion Help!!! 1st won't agree to what the 2nd wants

"Mike - Did your negotiator change at Carrington? If so, and you were specifically told that the net was the only factor previously, tell your current negotiator. Give the date of the statement and from whom. I've had Carrington…"

Aug 27, 2011

Mike Giancanelli posted a discussion

Help!!! 1st won't agree to what the 2nd wants

Help!! I have a 1st with Carrington Mortgage that was approved but has expired due to the extended time it took the 2nd (Ascension Capital Group) to get an approval. The 1st had agreed to a net amount and stated as long as their net wasn’t effected they where ok with the 2nd receiving some money. Now the 1st will not agree to the amount the 2nd wants even though it does not change the $$ the 1st is getting.. Any suggestions.See More

Aug 26, 2011

2 Comments 0 Likes

Mike Giancanelli joined Bryant Tutas's group