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They did something similar to a deal I'm working on as well. They want 10% more than previously agreed on just to extend the approval by three business days. Of course this screws-up the whole deal because the 1st lien holder won't allow more to go to the 2nd than the originally agreed amount. Buyer has loan docs in, ready to go, and the 2nd won't budge. Bad faith. Its not the few hundred bucks more that kills the deal (the buyers could kick in to make it happen), it is the changing the terms of an already approved payoff that kills it because that needs to be renegotiated with the 1st and they already said absolutely not.
I will let you guys know all of the other shinnanigans (some very unethical) both lien holders pulled on this file very soon. I have done a lot of short sales and I see the banks getting more and more unethical on how they negotiate (B of A, excepted, who is actually getting better).
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