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Comment by Jen Hill on November 3, 2011 at 10:08am

Hi Lisa. It depends if the 1st is a Fannie or Freddie.  If so, that dictates what the 2nd will get, period, so there's no negotiating needed.  However on private investor loans, we typically offer $3k to the 2nd to start and then negotiate as needed from there.  Our experience with PNC has not been great though.  They tend to stick to their guns when it comes time for what they want and will accept, and most times, they will require the seller to pay back the deficiency.  Good luck!