I have had countless times where the 1st and 2nd just don't agree.
Other than the card of "You know, 2nd lien holder, if you don't accept $this$ then the house will foreclose and you get nothing..."
What do you all do with this scenario?
The "Help Me" group is great but it has soooo many topics I was lost in the shuffle. I am sure this may be in there or someone has discussed this in the past.
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What is your email Ed?
Edward Codelia said:I have an option that you may not have tried......email me......
I currently received a short sale approval with Ocwen who is willing to pay the second no more than $3000.00 to the second lien holder, who is Carrington Resolution Services (CRS). CRS stated they are not willing to accept nothing less than $10K, which I was recently able to negotiate down to $8,500.00. The buyer is willing to contribute the difference of $5,500.00 However, when I turned in updated HUD1...Ocwen was not willing to accept due to the second receiving more than the amount they allotted for $3,000. I am seeking any suggestions to be able to complete this short sale. Any help would be greatly appreciated.
Well, I seem to have resolved my own issue...and we are able to move forward with the sale.
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