Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

short sale collection agency 2nd

Posted on: 15th Aug, 2011 07:48 am
I am negotiating a short sale. CBCS is the 2nd (collection agency). I need help strategizing the negotiations with a collection agency. They want too much to settle and Fannie Mae 1st will allow only 6% of unpaid balance. Any ideas?
Hi jfallavena,

You may contact an attorney who will negotiate with the collection agency on your behalf and make sure that they agree to the settlement amount that Fannie Mae is offering. Unless the collection agency agrees to it, the short sale won't be initiated.

Thanks
Posted on: 15th Aug, 2011 07:39 pm
Page loaded in 0.100 seconds.