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Second not Budging.

Posted by Bill Seufert on August 8, 2013 at 3:58am in Short Sale Discussions
I have a second asking for 20% of payoff and the first only willing to do 10%. The first is Chase and second is Real Time Resolutions. Bank of America sold the second during the transaction. The first is a VA. The second seems to be sticking with no intentions of giving in. The last email said I have to get the money from all parties involved. I'd be willing to give up a little commission but the difference is 3,000 on a $100,000 sale and 8 months of work.

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Replies

  • Jonathan Katz August 8, 2013 at 8:26am

    Bill,

          RTR is a pain. Is this in their recovery department by chance? I'd escalate to the CEO or the VP of the department and try to push the fact that this is going through the VA program and they won't receive more than 10% due to VA guidelines.

    Brett@ishortsalenow.com

    310-564-6389

    www.ishortsalenow.com

    • Lyonel Katz > Jonathan Katz August 8, 2013 at 1:39pm

      RTR Definitely acts tough and throws their weight around, but I witnessed them fold first hand several times... you have to make it to the right people and plead your case... It's not always guaranteed so I do not want you to feel that no matter what they will fold. Also, chances are that  you are probably dealing with your negotiator or their supervisor and sometimes that is just not high enough on the totem pole. The lower reps can only do so much and they are only motivated to do so much. It's like asking someone to bend over backwards and they get almost nothing out of it .Each time that I have been able to get them to fold it was simply due to reaching out to higher powers within RTR and communicating the case in the appropriate manner.

      Feel free to Private Message me or call.

      888-664-6561

      Hope this helps and good luck!

  • Bill Seufert August 8, 2013 at 4:55am
    Thanks. I know but BPO came in high and buyer already feels he's paying too much.
    • Kevin - Greenville, SC > Bill Seufert August 8, 2013 at 10:50am

      BPO? The VA uses a Liquidation Appraisal for their Short Sales.

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