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)

 
Jason Childs, The Negotiation Ninja (The Short Sales Group, LLC)

Jason Childs

The Negotiation Ninja

Commerce, MI

More about me…

The Short Sales Group, LLC

Office: (248) 232-2565

Mobile: (248) 755-2030



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