I have escalated a GT 2nd lien short sale up to Chris Poorten for the first time. Going for an exception to below 5% of contract sale price. The dollar figures are all rather small as the sale price is $113,000.00 (really good price as all comparable data indicates a value of $103k to $106k) so we were really pleased to get this $113k cash offer. But I digress...
Has Chris been able to get anyone an exception to below 5% of sale price before? In this case the dollar figures are so small I am hoping that it will be easier to obtain. Sr. Lien (Indymac) will only allow 4% to 2nd lien. We're looking at a $1,130.00 gap.
Thanks in advance.
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Go above Chris. Yes, he has a real ugly streak to him but once I went above him he was nice and cordial.
Gree Tree, or an lender, you just need to hit the righ tperson, preferably the Investor on the note.
ALWAYS ALWAYS ALWAYS (get it) remember:
EVERYTHING ON A SHORT SALE IS NEGOTIABLE
Just like negotiating for a new car and they tell you,
"We will only take $XXXX"
EXACT same thing with short sales....get to the right person, short sales get done (and yes GT will take less than 5% if you ask, just like most banks WILL pay you 6% comm. if you ask......
Keep fighting guys!!!!
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