GREENTREE NOW ACCEPTING 6%

Last week I posted a timeline of events occuring with one of my Greentree files.  B of A Fannie Mae hold the first and GT would accept no less that 10%.  Long story short, I called and complained about it to B of A and Fannie Mae.  Today, I was told Greentree will take 6%!!!!!!!!!!!!!  Happy negotiating everyone.  You're welcome :)

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Replies to This Discussion

Permalink Reply by Ben Racela on March 21, 2012 at 10:48am

Typically BofA will allow 10% to be paid towards a second position mortgage.  Good job!

Permalink Reply by Smitty on March 22, 2012 at 1:20am

That is awesome.  I did that once with Suntrust.  It was a fannie backed property with an auction, and when I showed Fannie that Suntrust was not responding in the appropriate timeframe, they stopped the auction and allowed the sale to go through.

 

GREAT JOB!

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