Hi...Short sale with Chase first and $98,000 HELOC with Everbank. Investor on 2nd is River Source Life Insurance Company, Minneapolis, Mn.
Everbank has rejected my first HUD where I offered them $2000.Realistic for me to expect them to take 5 cents on the dollar? or around $5000?
Thanks for any input...
Pat Hood
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Pat - It sometimes depends on the type of loan the senior is. Otherwise, 10% of the junior balance is common. Ask them.
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