Jody Hoffman's Blog (1)
End of the Line?
Bank of America is the primary lien holder (pay-off is $374,000 + taxes/liens/etc over 19 months).
Chase is the junior lien holder (pay-off is $136,000).
Seller filed bankruptcy so there is no recovery.
I have an offer for $370,000, which gives BoA $342,920 at the end of closing.
BoA will offer NO MORE than $5,000 to Chase.
Chase says, "Don't come back with less than $34,000." (Notice the similarity in the numbers there?)
Has anyone had luck in getting Chase to… Continue
Chase is the junior lien holder (pay-off is $136,000).
Seller filed bankruptcy so there is no recovery.
I have an offer for $370,000, which gives BoA $342,920 at the end of closing.
BoA will offer NO MORE than $5,000 to Chase.
Chase says, "Don't come back with less than $34,000." (Notice the similarity in the numbers there?)
Has anyone had luck in getting Chase to… Continue
Added by Jody Hoffman on July 14, 2010 at 12:51pm — 2 Comments
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