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Updated almost 7 years ago, 02/20/2018

User Stats

1,338
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684
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Steve L.
  • Investor
  • Rancho Cucamonga, CA
684
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1,338
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2nd won't allow Seller to get relocation funds that 1st approved

Steve L.
  • Investor
  • Rancho Cucamonga, CA
Posted

I have a California short-sale approved.  

The Sellers owes $550k on the 1st.  $150k on the 2nd.

The first approved an offer around market value (around $300,000) and $5,000 in relocation funds and $4,000 to the 2nd.

The second says they will approve the amount but they will not allow $5,000 in relocation funds and wants the 1st lender to remove that option.

Does anyone have any experience with this or suggestions?  The Seller needs the relocation funds.  

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