Hi Everyone.  I am negotiating a short sale where the first is a Freddie Mac serviced by Nationstar and the second lien holder is Cenlar.  Cenlar wanted a $43K payoff and I negotiated down to a bottom line of $12K.  The Freddie Mac guideline is to pay no more than $6,000 to the second lien holder.  The buyer had agreed to reduce the closing cost credit by $3,000 and both agents will be pitching in $1500.00 to come up with the other $6,000.  I had a new HUD done and sent it to Nationstar. …

I have a SS Listing that has the first with Nationstar and the second with Cenlar.  It was odd that the first, Nationstar, said that they would not give me any kind of approval until I had approval from Cenlar.  I couldn't figure out why that was until I started working with them closer.

I sent the HUD to Cenlar that showed a $6000 payoff from the first.  It also showed the buyer's closing cost credit and of course the agents…