Should Your Seller Miss Payments - WELL, WHEN PAYMENTS ARE LATE, FREDDIE MAC WILL APPROVE A LOWER OFFER!!!

Servicer - Wells Fargo
Investor - Freddie Mac
Mortgage Insurer - NONE


We received this in Equator this morning, apparently:

Equator Message:

Offer in Review The Investor is requiring a net of $242,000 based on the deliquency of this file. Discuss with the buyer how they would like to reach the net requested. Due to the fact that the borrower is current on the mortgage, the minimum net proceeds (mnp) is substantially higher than a property that is delinquent. The current offer does not meet the required mnp.
Jul 16

hhhmmmmm.....isn't that interesting?????

Miss payments, and they will approve a lower offer?????

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