Jeremy Stuart's Blog – July 2011 Archive (1)

Flavor of the Month: 2nd's are Holding Short Sale Deals HOSTAGE

Hi, there are 3 deals that are ready to close, but the 2nd's are asking for 50% of the loan balance, and I just do not know what to do:

1) Realtime Resolutions: they have a balance of 140K, and are asking for 80,000 as a payoff. The 1st (B of A) has allotted them $6,000.

ANY ADVICE ON WHAT TO DO?

2) Strategic Recovery Group: they have a balance of 120K, and are asking for a $60,000 payoff.

3) Indymac: They are doing a BPO (Why…

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Added by Jeremy Stuart on July 26, 2011 at 7:29am — No Comments

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Jeremy Stuart's Blog – July 2011 Archive (1)

Flavor of the Month: 2nd's are Holding Short Sale Deals HOSTAGE

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