Seterus doesn't think seller qualifies for hardship
Seterus says the seller doesn't meet the debt to income ratio and wants seller contribution in form of monthly payments options of ~$500 mo. to ~$700. mo. Also wants buyers to pay an additional 10k sales price and their own closing costs. Foreclosure is days away. Any thoughts?
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Permalink Reply by Alexander Villegas on
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It's difficult to provide an opinion without seeing the numbers. A short sale is a privilege, not a right. An investor holds the right to request contributions, especially if they see that the borrower has sufficient discretionary income.
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