hello i have 2 lien holders the first lien holder refuses to review the file until the 2nd lien holders approves the short sale. has anyone ever run into this? 1st is Nation Star the 2nd is Citizens bank. 1st is only allowing 3k to the second and the second refuses to take anything less than 6k. Each want to see an approval letter from the other. Any advice, TIA
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Comments
Sounds like a normal short sale! Just keep pushing. Have the 2nd put something in writing even if it's not a full blown approval. You may also be able to provide each lender with a payoff statement. sometimes this will get the "task" checked off so you can move forward.
Buyer, seller and/or agents can pay the additional $3,000 if needed.