Violation to Receive Additional Funds - Short Sale Superstars2024-03-28T15:33:41Zhttps://shortsalesuperstars.com/forum/topics/violation-to-receive-additional-funds?groupUrl=wellsfargoshortsales&commentId=3468065%3AComment%3A399097&x=1&feed=yes&xn_auth=noI have never heard of it bein…tag:shortsalesuperstars.com,2019-10-08:3468065:Comment:3990972019-10-08T15:04:56.194ZBrett Goldsmithhttps://shortsalesuperstars.com/profile/BrettGoldsmith
<p>I have never heard of it being a violation. Some 2nd mortgages participate with 1st lien investor guidelines and other's don't and the gap needs to be closed if possible. Obviously the 2nd needs to be negotiated down or you need to show them the 1st lien investor guidelines. </p>
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<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a></p>
<p>I have never heard of it being a violation. Some 2nd mortgages participate with 1st lien investor guidelines and other's don't and the gap needs to be closed if possible. Obviously the 2nd needs to be negotiated down or you need to show them the 1st lien investor guidelines. </p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a></p> Perhaps it is in the investor…tag:shortsalesuperstars.com,2019-10-08:3468065:Comment:3990412019-10-08T00:10:29.207ZElizabethWeintraub00697006LyonREhttps://shortsalesuperstars.com/profile/ElizabethWeintraub
<p>Perhaps it is in the investor guidelines so they are required to ask. They can ask for whatever they want. Subject to negotiation. Sometimes it is a sign that the investors do not want to participate in the short sale. That they feel it is more profitable to foreclose or the servicing pool is making it more profitable by paying out incentives for foreclosure. If this were my file, I would submit the request to the first lender, which undoubtedly will reject, send it and ask for a new…</p>
<p>Perhaps it is in the investor guidelines so they are required to ask. They can ask for whatever they want. Subject to negotiation. Sometimes it is a sign that the investors do not want to participate in the short sale. That they feel it is more profitable to foreclose or the servicing pool is making it more profitable by paying out incentives for foreclosure. If this were my file, I would submit the request to the first lender, which undoubtedly will reject, send it and ask for a new consideration.</p>