Folks,
Any tips?
Option One (first )- Wants full payoff and never even
called about the SS package that they received.
Total purchase loan of 140K.
111K option one and 29K to wilshire.
11K delinquency on first, which is foreclosing.
Option one payoff is 122K
Wilshire wants 17K, versus my offer of 5K.
BPO came in at 143K is what they claim.
I offered wilshire 5K, since i am paying off 122K to
the first, paying about 2K in delinquent taxes.
The SS negotiator does not want to even take the
case to the committee meeting, since the numbers
are too low is what she claims.
My offer puts the purchase at around 129K.
I am purchasing this for myself. I sent in contractor
estimates for 4K and did contest the BPO. Now, there
is no time, since the auction is right around the
corner.
I just don’t understand their disposition.
While i could reinstate the first, i don’t want to shell
out funds unless and until i have a signed paperwork
from wilshire.
Just don’t understand these folks.
Just a week ago, i had HSBC reject a 6K offer on a
65K 2nd and guess what. They got wiped out and to
add, the first - Accredited is getting back a Reo. The
loss mitigator was arrogant that it was gonna sell on
the court house steps.
Whenever a first has piled up delinquency charges, they
still think that they can get all their money and people
scoop it up. Oh well, there is always the tax value that
is a safety valve.
-Krish