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Because the PMI company was asking for a note, we were sent paperwork for the seller to sign that revealed who the PMI company was. After the seller said "no way" we didn't want to mess with Indymac since they had said it was not negotiable so we went around them. We called the main number and we were put in touch with a negotiator. Only took 3-4 hours from first contact to get an approval without the note. Then the negotiator at the PMI company contacted Indymac's negotiator directly and told her that the sale was to take place w/o the note.
That is kick-butt, good work.
Stephanie Lim said:Because the PMI company was asking for a note, we were sent paperwork for the seller to sign that revealed who the PMI company was. After the seller said "no way" we didn't want to mess with Indymac since they had said it was not negotiable so we went around them. We called the main number and we were put in touch with a negotiator. Only took 3-4 hours from first contact to get an approval without the note. Then the negotiator at the PMI company contacted Indymac's negotiator directly and told her that the sale was to take place w/o the note.
Because the PMI company was asking for a note, we were sent paperwork for the seller to sign that revealed who the PMI company was. After the seller said "no way" we didn't want to mess with Indymac since they had said it was not negotiable so we went around them. We called the main number and we were put in touch with a negotiator. Only took 3-4 hours from first contact to get an approval without the note. Then the negotiator at the PMI company contacted Indymac's negotiator directly and told her that the sale was to take place w/o the note.
I currently have a short sale approval with a promissory note from triad. They want the sellers to pay $120,000.00 for 120 months at $1000.00 per month! I contacted Triad and explained that the sellers can not afford such a note; their financial situation does not permit it and it clearly shows on their credit report that they are over-extended and forcing them into a promissory note of such; would only further their hardship. The lender requested that I send the letter to them; however, I am sending the letter directly to Triad Management at [email protected] directly and hope that the note is waived. Wish me luck!
Dealing directly with them is what worked for me... GOOD LUCK!!!
thomasina singleton said:I currently have a short sale approval with a promissory note from triad. They want the sellers to pay $120,000.00 for 120 months at $1000.00 per month! I contacted Triad and explained that the sellers can not afford such a note; their financial situation does not permit it and it clearly shows on their credit report that they are over-extended and forcing them into a promissory note of such; would only further their hardship. The lender requested that I send the letter to them; however, I am sending the letter directly to Triad Management at [email protected] directly and hope that the note is waived. Wish me luck!
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