full settlement: Being Held Hostage By 2nd with 5th/3rd
- 03/10/10 03:06 AM
Wow! It is amazing to me that some of the deals you think will go quick and easy(FHA short sales) turn in to a huge ordeal when you have an uncooperative 2nd lender, or mitigator. We have a deal we got approved on the first with Citi that is FHA which are easy deals to get done, but the caveat is Fifth Third wont do a full settlement on the 2nd for the $2,500 allowed under FHA guidelines. Not always a big problem but the seller wants it settled and not looming in the darkness to creep up at some unknown (4 comments)
full settlement: Being Held Hostage By 2nd with 5th/3rd
- 03/10/10 03:04 AM
Wow! It is amazing to me that some of the deals you think will go quick and easy(FHA short sales) turn in to a huge ordeal when you have an uncooperative 2nd lender, or mitigator. We have a deal we got approved on the first with Citi that is FHA which are easy deals to get done, but the caveat is Fifth Third wont do a full settlement on the 2nd for the $2,500 allowed under FHA guidelines. Not always a big problem but the seller wants it settled and not looming in the darkness to creep up at some unknown (1 comments)