Cash for keys / Deed In Lieu

[Chris Seveney]

Had a borrower recently who we are foreclosing on because they have not paid in 7 years counter offer a cash for keys deal.

We offered more than we usually do ($2500) as that was our estimated remaining legal costs.

Borrower countered at $20,000. I respectfully declined

I am curious what had been the most absurd demands you have received from a borrower ?