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 would a 2nd do a BPO???)

 

If someone has any advice for me, please respond. I would appreciate any feedback.

 

Thanks,

 

Jeremy

Views: 32

Comment

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Members

© 2024   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************