I have a file ... Chase is the 1st and 5th 3rd is the 2nd ... our contract will pay the $615K to Chase and will give 5th 3rd about $80K ... the sellers have agree to a Promissory Note of $70K (their balance with 5th 3rd is $320K so they are ALMOST GETTING 50%) NOW that the Sellers have agreed to the extra $70K they NOW WANT to put a LIEN on the people's oyher property for $240K and will not do the afore agreed upon PN???
Talking about NOT HELPING somebody ... HOW THE HELL can they expect to be made 100% WHOLE when EVERYONE has to take a hit and play FAIR ... my sellers are in their 60s and have decided to let Chase FORECLOSE and then they will file BANKRUPTCY and 5th 3rd will get NOTHING???
I wonder what kind of banker wants ZERO THOUSAND as opposed to $80 THOUSAND PLUS a PN????
This is a first for me and I have been doing this for over 4 years???????
Fifth Third Bank IS DELIRIOUS?????
YIKES!!!!
Tags:
Hello Everyone,
I have a similar situation, I guess 5th 3rd has a pattern here. 5th 3rd wants it all, and insists on the seller encumbering his personal residence up to 140% LTV by transferring the deficiency from the short sale house to his personal residence.
Any assistance in escalation would be greatly appreciated. I am trying to help a hard working American family. I am also trying to help 5th 3rd reduce their losses but they are refusing to be helped.
My full post can be read here http://shortsalesuperstars.com/group/fifththirdbank/forum/topics/5t...
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.