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Midland Mortgage Extension Letter

Posted by Tiffany Alleshouse on January 6, 2010 at 8:59am in Short Sale Discussions
Midland is telling my agent that the client has to pay a per diem rather than issuing us an extension. I've had banks issue per diems before but that was after issuing about 3 or 4 extension letters first. Has anyone dealt with this Midland Mortgage scenario?

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Replies

  • Craig Barry April 27, 2010 at 8:49am
    I would negotiate hard and state if they want to settle they will provide a free 14 day extension. Some lenders will like to capture revenue anyway they can and this is yet another example on the Sheep.
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