Wachovia 2nd position wants too much $ for lien release
Wachovia is in second position but wants $50,000 for a lien release. There is no way there will be a contribution from buyer on this amount. Perhaps $10,000 - 12,000 can be pushed.
How do I push Wachovia? The seller is unemployed for more than a year, has his own primary residence and several investments in foreclosure, and has credit cards and cc judgments by now.
What does Wachovia think?
Replies to This Discussion
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Permalink Reply by Ben Benita on
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need mroe info. to help:
How much is the second owed?
How much is the first offereing?
There are several REALLY good lines you can try these 3 (3 of the 6 in my book):
1) "I spoke to my broker, he/she asked me to ask you how long you will keep the file open while we search for a new Buyer, someone that will cover that difference"
or,
2) "We have closing already scheduled for the end of this month, my broker wanted me to ask if we are really going to have to cancel that scheduled closing"
or
3) "$50k, WOW.....I have closed many of these and never seen a second actually get $50k, is that the least the investor will take, I do not want to waste everyone's time on this if that is a firm offer?"
these are great b/c they keep you in the middle, will help to keep your negotiator on your side and working to help you.
Sincerely,
Ben Benita
[email protected] -
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