Replies to This Discussion

Permalink Reply by Kimberly Ingram on January 11, 2011 at 1:48pm

Wow, All agents sorry for my horrible english.  I'm so annoyed I was writng to fast. The first is OCWEN giving 5K to Green Tree.  The agents are bringing in an additonal 5K to make it 1oK and there still saying no. Green Tree wants about 17% of the note.  I'm out of ideas. The buyer does not want to contribute since the first is getting appraised value for the home.

Permalink Reply by Matt Stewart on January 11, 2011 at 1:53pm

Kimberly,

 

Is the sales price $370k? Just guessing. Depends on which dept the loan is in, loss mit or recovery. Either way the chances are they will hold fast to their requirements. Who are you working with directly?

Kimberly Ingram said:

Wow, All agents sorry for my horrible english.  I'm so annoyed I was writng to fast. The first is OCWEN giving 5K to Green Tree.  The agents are bringing in an additonal 5K to make it 1oK and there still saying no. Green Tree wants about 17% of the note.  I'm out of ideas. The buyer does not want to contribute since the first is getting appraised value for the home.

Permalink Reply by Mark Stafford on March 18, 2011 at 2:30am

Is the second loan with GT a line of credit? I am assuming that because you countered with 10k that the seller is kicking in some funds?

 

I had almost the same thing happen to me and if the file is in recovery you will probably have to bring them a little more $ but they will take less.

 

-Mark