Bob Kelly's Blog (2)

1st Lien Holder requiring Seller Contribution

Can a 1st lien holder require the seller to make a cash contribution? The 1st is with GMAC, the negotiator told us the seller had to contribute, they would not allow the buyer to contribute. Does anyone have a good contact at GMAC?

Bob Kelly 619-445-6556…


Added by Bob Kelly on April 28, 2011 at 4:40pm — No Comments

Indymac reduce commission

Just got a 1st td approval letter from Indymac, where they have reduced the commission to 5%. Has anyone had any luck going back at this point and getting the commission back up to 6% after getting the approval letter with Indymac?


Added by Bob Kelly on October 6, 2010 at 2:02pm — 1 Comment


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