Short Sale
I got two banks not budgeting on the payoff and killing the deal. What steps can I take to get the banks to come down on the payoff. Should I menetion that the owner is doing a chapter 7 or 13? Both properties both need alot of work. 8-)
Post this on the Short Sale Forum. Did you submit a complete short sale package? Some lenders won't budge. Two banks? A first and second mortgage? The second mortgage holder should be nervous. Deal with the first mortgage holder first, if they aren't budging then buy it at the courthouse steps and the second mortgage is gone.
Just read two properties. Some lenders won't budge, plead your case. A strong short sale package should help you and calling throughout the day, every day helps.