Michael-Edward Cruz

Michael-Edward Cruz left a comment for Joseph Kipping

"Here is the exact conversation with the lender:

Mike,

the offer is not the problem, we have a good offer. mgt needs this prom note from the seller or the deal is dead.

thx

Jesse Padilla

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From:…"

Michael-Edward Cruz left a comment for Joseph Kipping

"Bank of America/Countrywide"

Michael-Edward Cruz commented on Jesus (Jesse) Gonzalez's blog post Short Sale Doesn’t Equal Forgiven Debt.

"I just got approval today pending the client sign at 16k promissory note with no interest.

Any idea of how I should proceed?

Mike"

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Comments

Chris Sanders May 20, 2010 at 2:35pm

Hi Michael-Edward,

I am very curious to talk to you about Margot Murphy. If you could contact me, I woulod appreciate it!

Chris
Joseph Kipping May 27, 2009 at 6:15am

I would try to push with the Bank Agent that the seller can't and will not sign a note. Try to show the Bank Agent the Advantage of taking the short sale with no note. If that doesn't work See if the Buyers would pay a little bit more for the home. If they are asking for a 16k note they will most likly let you increase the sale price 8k and have no note at all. But first I would fight to not have a note. Is there MI on this mortgage?
Joseph Kipping May 27, 2009 at 3:33am

Michael who is the lender?

This reply was deleted.

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