SPS Short Sale
I spoke with the loss mitigator from SPS today and he declined my initial offer (no surprize, I was looking for a counter) He said he needed an offer at 70,000. I told him the best I could do was 63,000 net. He surprized me when he said that might work but I needed to structure my offer based on 70,000 gross. I have only dealt with bottom line "net" numbers on previous ss. How do I structure my new offer and HUD-1 to meet his requirements reflecting an offer of 70,000 and a net of 60,000?
The loss mit rep probably wants this deal to work as much as you do... if only to clear it from his desk. You are probably very close to a meeting of the minds. Ask him/her to walk you thru how it should be broken down on the HUD1..