fifth third bank: Brick Wall On a Fifth Third Short Sale, Need Help!
- 07/18/11 01:03 AM
I have not run into such a brick wall in the hundreds of liens I have negotiated. 5th 3rd prefers ZERO dollars over $4,500 in a short sale now. Any suggestions? I am helping my client with a short sale on an investment property. Sales price is $175,000. The first mortgage, Citi, is taking a short sale and allocating $4,500 towards the second mortgage, which is 5th 3rd. 5th 3rd wants the entire remaining balance of $40,000 to be repaid by the seller. 5th 3rd wants the seller’s current 2nd mortgage on the investment property to be transferred as a third (2 comments)
I snapped this photo of a full rainbow while waiting at a red light the other day. Didn't have time to compose. Just point, shoot, put the smartphone down and move on to my short sale listing appointment. A few days later I looked at the picture more closely and realized two things: There's a Fifth Third Bank at the end of the rainbow. I recently had three successful short sale closings with Fifth Third. Coincidence? Dave Halpern Broker Louisville Short Sale Expert Realtors