So I'm wondering if anyone has had experience with one of these "Coop" short sales where the second is demanding the $2500 sellers incentive and B of A has allowed them to keep it? I have a file where the second(Old Republic) is demanding that they keep the sellers incentive plus the 6% unpaid principal balance or they will foreclose on the property.
Thanks!
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As long as the seller agrees to forfeit this money then there is no issue. They can use it to settle junior liens. I they don't want to then you just have to keep pushing. All we can ever do so negotiate the best possible we can and then it's up to the seller whether or not to accept it.