Mortgage insurance by "GENWORTH" stating $16,135 need to be given for short to occur.

All,

 

I am in need of some insight on this situation.  How have you rebutted to the request from a Mortgage Insurer's comment to "make a cash /prom note contribution" in order for the short sale to be approved?  The negotiator came to me with a minimum NET which they would accept, I met those terms then she came back to me with this stating that my client had to come up with $16,000 in cash.  

 

How can they think my client has this cash available and to place them in another hardship status?  They are military and the hardship was caused by orders to the West Coast. I asked for clarification if they will take a note and the terms and what that meant.  Waiting to hear back from GENWORTH as to what they expect.

 

Any help would be appreciated!

 

Best Regards,

 

 

Joshua Blum Macias

“Real Estate is about People not Brick and mortar”

Agent - Keller Williams Realty

President - JEB Development

757-289-3689 - DIRECT

757-204-2033 – EFAX

757-233-2420 – FAX

www.kwtechagent.com

www.joshuamacias.info

 

 

Views: 98

Replies to This Discussion

Call them directly with the certificate number for this loan.  Who is the investor?  I had this BS request and got the seller out of paying a dime.  Just fight with them and they should back down.  Call the Genworth headquaters and speak with the manager and explain your side.  Good luck.

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