My client has a first of $325,000 with GMAC and a 2 lien/equity line from BB&T for $240,000. BB&T is suing my clients outside of the short sale. They are suing them personally and have had to hire a foreclosure attorney to respond to the lawsuit. BB&T wanted $22,500 cash up front to allow our short sale to close as we have a buyer with an offer of $210,000. GMAC accepted this all cash offer. However, BB&T is not ready to let my sellers off the hook. So they offered them $20,000 plus the $22,500 that is coming from the buyers. We can not get an answer from BB&T. We have had to ask GMAC for 2 extensions. We need to escalate this short sale as we are at risk for loosing both GMAC and the buyers. Please Help!!! Julie Wilkinson
Comment
. Thanks for your response, my email address is [email protected]
Julie, what is your e-mail address?
© 2024 Created by Brett Goldsmith. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.
You need to be a member of Short Sale Superstars to add comments!
Join Short Sale Superstars