I have a short sale where the 1st has approved a $10,000 (yes $10,000) payoff to a 2nd held by First Franklin. The 2nd is $94,000 and First Franklin is denying it. In my SS experience, 2nds try and get 5% of the balance but expect $1,000. Franklin is being offered more than 10% but they are demanding full payoff or a 10yr interest free note from the sellers......why on earth would the sellers agree to that? I am battling with Franklin.
Anyone had success with them or should I throw in the towel and let it go to sale? At least I could stiff Franklin when they get zippo.