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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I have tried to escalate to Chris Poortin but with no response after several attempts to contact him. It appears that GT has a "My Way or the Highway" approach. We have not even been able to have meaningful conversations without offering their 5% of the purchase price requirement. Rather than fighting it, we require the buyer to increase their offer or move on. "Next!"
Go above Chris. Yes, he has a real ugly streak to him but once I went above him he was nice and cordial.
Dave....Who did you speak to above Chris Poortin? What is his capacity with GT? Thank you! Tammy

Dave Gubler said:
Go above Chris. Yes, he has a real ugly streak to him but once I went above him he was nice and cordial.
Chris Poorten is the person that cursed out my agent, convinced my agent that I was lieing about my financials. He told my agent that Greentree knew I had the money and that they were going to get every dime out of me. He also convinced my agent that he was wasting his time dealing with me as the sale would never go through and my agent would never see a dime. Needless to say, that was the end of my short sale.
Way to go on 5%! You hold the record as far as I know. I've talked to Chris many times. If you haven't actually spoken with him yet, feel free to call me tomorrow if you want some insight in to how he ticks. I think it would be helpful. 727-366-0324. P.S. His office is in Tempe, AZ so you can schedule your call. (They all seem to take lunch from 12 to 1).

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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