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  • Edwin Baloloy January 16, 2023 at 9:07am

    bumping this thread hoping people are still getting notifications. Does anyone know what RTR will approve on junior liens?

    I have one with the KITCHEN SINK: IRS, Franchise Tax Board, HOA and a private loan.

    • Jonathan Katz > Edwin Baloloy January 20, 2023 at 3:03am

      It varies based on their position. I've had them in 2nd position at least 30-50 times in my career. T hey generally want more than a standard second lien holder, but there is often some wiggle room.

  • Patrick McNeley November 17, 2011 at 5:47pm

    I have a transaction with a Chase first and a BoA second (non-purchase).  Equator rejected the BofA loan number as invalid.  The BofA helpline found the loan number but it couldn't go through the equator system and my seller needed to call them.

    We now found out that BofA has sold the loan to Realtime Resolutions.  The package is just being looked at but I thought I would post to revive this thread and ask for any ideas and what to expect.  I've seen plenty of bad stories with RTR as hard to work with etc.  Does anyone have good contact info for someone there with a clue?

    Thanks in advance for any help available.

     

    • Richard Kirk > Patrick McNeley November 20, 2011 at 4:38pm

      I just finished dealing with Real Time Resolution and they were terrific.  Chase was the first.  RTR approved the second in 30 days for $12000 on an $80000 lien.  Lowered ito to $9000 since first was offereing $7900.  Then lowered again to $8000....All with simple email requests....I don't think I every spoke to anyone there except initially on where to send the package. And, No Deficiency.

      • Maya Thomas > Richard Kirk November 29, 2011 at 10:35am

        Richard,

        What is the email format for Real Time Resolutions?

        Maya

  • Mark DeGennaro June 5, 2011 at 5:28am
    Yes, I just closed a transaction with them. The first negotiator on the file would not budge on what they wanted. Then the file was moved to a new negotiator and after brutal back and forth we came to an agreement. All I can say is don't give up and be persistant.
  • Stephen Thomsen June 5, 2011 at 5:13am
    I have done a couple transactions with RTR, and it can be hit or miss. Depending on the investor and amount of loss the first is taking. They will usually try to get 10% on the second when they start. They state a short closing date, but I just asked them why, since first had approved, they would want to shoot themselves in the foot. (Exactly the words I used) We closed using the COE date for the first.
  • Thom Colby CA Brkr 888-391-5245 June 5, 2011 at 4:37am

    Brenda - I couldn't get anywhere with them - they always demand 50% of the UPB to release.  However, if the 1st is BofA, they can use some leverage to get it approved for $3,000 or $6,000 depending upon how much the 1st was how fast BofA wants it gone.  You've got a long road ahead of you - mine took 7 months before we finally got agreement from RTR.

     

    Best of luck,


    Thom Colby

    Broker / Negotiator

    Newport Beach CA

  • John Treadwell June 5, 2011 at 3:17am
    Ok  I have one BOA had both 1st and 2 nd ,then I get the approval letter no 2nd on the letter,now they tell me it is all done I just have to call RTS ,and get the letter from them as the loan was sold over to them ,The BOA Neg. even gave me a number for the HUD said it was the number they needed on the HUD for the 2nd,never told me once it was with RTS. I called RTS got the Neg. on he phone he send me a list of a short sale doc's ,and tells me 4-6 weekd before anything can be done,the buyers and seller and me though we had the approval ,and all inspections ,appraisal order,now Monday I'm goign to have to put everything on holld and risk losing the buyer as well.  This is the second time the BOA has done this wait until the end ,and give me the approval letter. only then to inform me the 2nd is now elsewhere?? The last one they refuse to extend and took the property after that. 
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