Second lien want's more then 10%?

Foreclosures, Short Sales, Tax Foreclosures
1

Hi Folks,
Short sale deal 80/20, Second lien wants more then 10% of the amount owed, which is about $7,000, first lien is just only willing to paid 3,000 toward the second.
1-What cam i do to have the second to agreed to accept the 3,000?
2-What cam i do to have the first offer more money to the second?
3- what it would be the best scenerio?

Thank you. :rolleyes

2

OK, 80-20 with 10% of the second being $7,000.

So the second is actually about $70k which means the first is roughly 280k.

Agree to the deal and pay the second an additional $4k in escrow! Out of your pocket.

Enter escrow instructions agreeing to pay the balance of the $7k seperately.

It does not take any more of the first’s money.

3

Got you.

Thank you.