Forum

PNC...could I have done anything different

Posted by Lydia on May 18, 2011 at 1:44pm in Short Sale Discussions

Hello All,

 

We received approval on the 1st (Chase) and we've been going back and forth with the 2nd (PNC). Negotiator said we would have approval if Seller contributed 10%, both buyer and seller contributed to meet the 10%. It was submitted for investor review and the investors came back and said they wanted $25K.  This was an extreme hardship short sale so it was a no go with the $25K contribution.  PNC didn't want to give a promissory note because the Seller had previously filed for BK.

 

Are there any other straegies or options that you would have tried...or are the sellers simply S.O.L.

 

Thanks in advance for your $.02. I unfortunately have another PNC short sale coming up.

 

Lydia

 

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Tags: PNC
Email me when people reply –
Follow

Replies

  • Lydia May 23, 2011 at 6:42am

    The house was included in the BK. 

    Thanks for the responses.  This is only the 3rd short I've lost in over 4 years so I always want to double check to see if I could have done anything different or used another strategy.

     

    Thanks again!

  • Previous SunTrust Negotiatior May 20, 2011 at 5:14pm
    Was the house included in BK
  • Previous SunTrust Negotiatior May 20, 2011 at 5:14pm
    They must have assets that were not disclosed to you.. or it was a strategic default. You really need to get credit reports to understand the situation.
This reply was deleted.
********************************** like buttons ************************