Help with net too high.
Hey everyone!!! I need HELP! LOL.
I have a listing with seterus as servicer, and I can't get them to go anywhere on this. market value for the home is 90-100k based on condition, bank wants to net 130K no ifs, ands, or buts. It's not going to happen. I try to show him with comps etc. and he won't hear it.
Anyone have a contact higher up or an idea on how to get them to come around? Really want to save my client from a foreclosure.
Replies to This Discussion
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Permalink Reply by DIDA Hansen on
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Same thing happened to us 2 months ago with Seterus. The market value for the property is around 88k. BPO came back higher. Seterus countered back with 110k. We submitted a dispute. A second BPO came back with the same. Buyer walked away. We started the sale 3 months before the redeemption period ended. Seterus took the property back. They spent $ on new carpert, clean up, and paid the unpaid water/electrity bills. Guess after all the work how much it is listed now? 94k!
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Submit a dispute. Find comps around the subject area. Make sure comps are in pdf file. send in a statement about all the repairs needed. that would help. show them the showing activities report with feedbacks. be nice and go to upper level.
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Permalink Reply by Michael Hayley on
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My last negotiation with Seterus was with Rick Paget and I liked him. I'm not sure of his rank, but he talks and acts like a pro. 866-570-5277
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