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Payoff Negotiations
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Old 01-14-2008, 03:23 PM
Ratzmine Ratzmine is offline
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Join Date: Aug 2007
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Default Payoff Negotiations

The contract price on the Short Sale was was $160,000. First lien holder accepted the purchase agreement price and is not paying the bankruptcy lawyer for the motion to sell ($700). The first will give the 2nd $2000 but the 2nd needs at least $4000 to satisfy the inverstors. The 2nd lien holder negotiator mentioned that I can be creative and reduce the price for instance to $157,000. I don't understand how that would work. Does anyone?
Gaby martinez
Metro-Richmond, VA
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