I have a short sale, only 1 mortgage w/ Banco Popular that it turned out to be negotiated by PHH (Cartus). The negotiatior asked me to change the closing date in the HUD to August 19th. She would have to send to MI company and investor for approval. Since she wanted to close on August 19th, I was under the impression that everything was fine. Now the MI company asked seller to pay $12,000 cash or $24,000 with Promissory Notes of $125. My client can't do this and they are saying they are willing to work with sellers but are not willing to do so withouth seller's participation. Any suggestion?
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