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I'm dealing with RTR on a Short Sale right now and they are the second trust. They are demanding an additional $12K in order to approve. Meanwhile, the first trust gave them a 10% payoff of $8K. I am at my wit's end. The Buyer's Agent and I are putting in 1% of our commission to give them something, but if they don't take this, the client will go to foreclosure and RTR will get nothing.
Why some banks are so stubborn, I will never understand.
Chris Ann. What did you finally do? I NEED to know.
RTR 2nd is killing a BofA HAFA short sale for me with a $45K cash demand. BofA has approved the short and offered RTR $6K, but they are refusing to release their lien. I'm sure they are holding out for some of the commission. An RTR supervisor practically said as much to the seller today. If I gave it to them, how would that be handled on the HUD1? It is HAFA, so the payoff to the 2nd is maxed out according to HAFA guidelines, isn't it?
This property is going to foreclosue on June 7 if I can't figure this out in the next few days
Please help!.
I have a transaction with a Chase first and a BoA second (non-purchase). Equator rejected the BofA loan number as invalid. The BofA helpline found the loan number but it couldn't go through the equator system and my seller needed to call them.
We now found out that BofA has sold the loan to Realtime Resolutions. The package is just being looked at but I thought I would post to revive this thread and ask for any ideas and what to expect. I've seen plenty of bad stories with RTR as hard to work with etc. Does anyone have good contact info for someone there with a clue?
Thanks in advance for any help available.
RTR is killing my deal. They want 30K for their second lien after buying it from Aurora loan. Any thoughts? Does anyone know who I can speak to? Supervisor? CEO...I would appreciate any help.
Hi Hugo,
I am having the same problem with them. With whom did you end up speaking? The negotiator to whom I was assigned will not let me speak to a supervisor, nor will anyone else in the short-sale department.
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