Jody Steinberg's Discussions
SunTrust breakup with Cartus - Who 2Call for Payoff of Principal?
Started this discussion. Last reply by Molly OByrne Feb 5, 2013. 1 Reply 0 Likes
I had a listing referral from Cartus Asset Recovery for a SunTrust "short sale" that isn't short. I have an offer that will satisfy first and negotiated second mortgages.The seller is an estate.When…Continue
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Jody Steinberg's Blog
negotiate a counteroffer from Chase, or just give in?
Posted on June 7, 2013 at 12:41pm 3 Comments 1 Like
I represent the buyer, and the seller holds a Chase mortgage. Their agents are great, but the negotiator is typically coy, giving no concrete answers.
Buyer has been U/c for $143,000, which was the H& B offer in a multiple offer situation in April
(listed at $149, then $139K for a month) Atlanta real estate market is bouncing UP.
The mortgage balance is from a Chase conventional refi of 201,000 in Feb 2012
Based on BPO, Chase has countered contract for $158,000…
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