Both came up in the same conversation. They instructed me to send in the hardship letter again no later than October 6th, which was at least 60 days prior to the sale so they could work the DIL. They also said to give the buyer 3% off in closing costs and put it in the listing.
An offer came in at $350K with no closing costs. The bank said no, denied the first negotiators offer, wouldn't look at an addendum taking the price to $380K saying it was too late. Refused the DIL saying there wasn't enough time for the processing and took the home down in a full foreclosure telling me the client continued on with the sale instead of the DIL.
I didn't see that coming. What else should I get? Can I save someone else from the lesson? I guess when the word comes out as DIL I won't be confused that the negotiator is actually helping by offering a lower price.
© 2024 Created by Brett Goldsmith. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.
You need to be a member of Short Sale Superstars to add comments!
Join Short Sale Superstars