hello,my sisters lender said that they may possibly accept a settlement, with a reasonable offer. She owes
around sixty thousand, can you tell me what she should expect to pay ,or come up with ,on that amount.?
Answers (2)
contact a local realtor to determine the value of your home....also...remember....the person that offers up the first number is in a weaker position in any negotiation.....let the lender offer a number first and negotiate down from there
Web Reference: http://www.shortsalesheep.com
FIRST ANSWER
Jim,
Is the lender talking about a short sale? Is the home listed or is your sister trying to negotiate better terms with her lender in order to stay in the home? If it is a short sale, a market analysis would need to be performed in order to establish market value in your area. More information is required in order to advise.
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