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  • mike romone May 27, 2013 at 12:25pm

    The seller has several high dollars properties as well.

  • Kevin - Greenville, SC May 26, 2013 at 11:10am

    http://www.homepathforshortsales.com/short-sales-listingagent.html

    https://www.fanniemae.com/content/faq/short-sale-faqs.pdf

    • mike romone > Kevin - Greenville, SC May 26, 2013 at 12:51pm

      The whole thing doesn't make sense. One things is for sure, they convinced the realtor that they are giving zero to the second. I wonder why Green tree is doing this? Maybe this is just another way to say no to a short sale?

  • Kevin - Greenville, SC May 26, 2013 at 10:28am

    There is no set % amount FNMA gives to subordinates.  It's up to $6000 and generally is only less than $6000 if the balances of the subordinates don't add up to $6000.

  • Wayne Brooks May 26, 2013 at 2:39am

    Mike, Bryant is right about FNMA having SET guidelines.  They'll pay 6-8%, up to $6,000-ALWAYS.  As they asked, is Your agent, also the Listing agent.  Only the listing agent/negotiator will have direct contact with the lender.  Of course, it wouldn't be the first misinformed employee of a lender spouting incorrect information.

    • mike romone > Wayne Brooks May 26, 2013 at 3:51am

      Im working with the listing agent. Could a PSA be telling Green Tree to give nothing to the second?

  • Bryant Tutas May 24, 2013 at 11:41pm

    FNNMA will allow up to $6,000 for junior liens. Not sure why GT is denying this. Sounds to me as if you may be getting partial information.

    • mike romone > Bryant Tutas May 25, 2013 at 1:49am

      Is my realtor lying to me? What possible reasons could Green tree have to tell the second that they get nothing but must release their lien?

      • Jonathan Katz > mike romone May 25, 2013 at 6:04am

        Mike,

             I'd agree with Bryan that it sounds like there seems to be some information missing from the picture. Is your realtor also the listing agent? If not there is a great chance of miscommunication if they are not directly processing the transaction or if they do not hold a greater understanding of the world of short sales.  Also, do you know who holds the 2nd lien on the property? Is it a mortgage lien or a judgment?

        Brett@ishortsalenow.com

        www.ishortsalenow.com

        310-564-6389

        • mike romone > Jonathan Katz May 26, 2013 at 12:53pm

          mortgage lien I called the county clerks office

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