Hi, there are 3 deals that are ready to close, but the 2nd's are asking for 50% of the loan balance, and I just do not know what to do:
1) Realtime Resolutions: they have a balance of 140K, and are asking for 80,000 as a payoff. The 1st (B of A) has allotted them $6,000.
ANY ADVICE ON WHAT TO DO?
2) Strategic Recovery Group: they have a balance of 120K, and are asking for a $60,000 payoff.
3) Indymac: They are doing a BPO (Why would a 2nd do a BPO???)
If someone has any advice for me, please respond. I would appreciate any feedback.
Thanks,
Jeremy
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