I recently went through a sale involving this $100 per diem. Get this, the REO asset manager delayed openning escrow for 2 weeks, my client was held up on his loan because the escrow process had to be initiated first. Sure enough, escrow closing went beyond the close date and there was the REO side wanting their $100 per day fee. Give me a break, these REO listings are getting out of hand to manage. I can hardly wait till we go back to a "normal market".
Cheers.
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