Any ideas how to convince lender to do short refi? - bankruptcy refi
My lender is bankrupt. We are looking for a short refi. You already have approval from another lender for a new loan. Have you prepared all the papers (emergency letter, bank statements, presentation, etc.). Old lender would have lent a great success (1 / 2 the amount), but I thought it would be worth a try. They are bankrupt and trying everything they can get. Any advice for when you contact me to convince them to accept the offer? Thank you.
Saturday, January 23, 2010
Bankruptcy Refi Any Ideas How To Convince Lender To Do Short Refi?
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3 comments:
This will be a tough fight, and discuss the BK trustee half the value of the loan to accept the trustee has the fiduciary obligation to maximize the value of the assets to pay creditors, the problem is to determine the value of the real half BK convince manager
Perhaps, if the BK manager would be willing to Value Assessment, which the real estate commissions, etc. labor
then send the statement to the judge, and I hope you have enough information to third parties to convince the judge of it,
Perpetuate. They will do anything to get your full payment. You've probably been asked several times how they work in the chain of command. The guys are all on the front line "and not" men - not just say "no". You need to work, a yes-man. Be patient and persistent.
According to information on recent comparable sales in real estate.
On the other hand, can assume that another option is to go and give them the keys.
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