VA老地主,RE8888,jjj7和SD我爱我家, i also have some questions

I have a short sale offer. got oral approved from first lender. There are two lenders, first one is American mortgage Inc, second one is chase. First lender ask for $5000 negotiation fee. 45 days to close. Is this normal processes? How to wave it?  how long it is take to get chase approve? Thanks

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First lender asks who for $5000 negotiation fee?? -va_landlord- 给 va_landlord 发送悄悄话 va_landlord 的博客首页 (198 bytes) () 02/10/2011 postreply 20:26:27

回复:First lender asks who for $5000 negotiation fee?? -milkcandy- 给 milkcandy 发送悄悄话 (74 bytes) () 02/10/2011 postreply 20:34:56

Well, tell the seller that you are not going to pay for that! -va_landlord- 给 va_landlord 发送悄悄话 va_landlord 的博客首页 (0 bytes) () 02/11/2011 postreply 06:23:13

Yes, I got one such short case before. Lender ask buyer pay $450 -RE8888- 给 RE8888 发送悄悄话 RE8888 的博客首页 (241 bytes) () 02/10/2011 postreply 23:54:51

回复:Yes, I got one such short case before. Lender ask buyer pay $ -milkcandy- 给 milkcandy 发送悄悄话 (217 bytes) () 02/11/2011 postreply 06:47:32

Yes, you can negotiate that。 -RE8888- 给 RE8888 发送悄悄话 RE8888 的博客首页 (0 bytes) () 02/11/2011 postreply 11:43:06

I paid one short sale negotiation fee of $3000 last year -jjj7- 给 jjj7 发送悄悄话 jjj7 的博客首页 (282 bytes) () 02/11/2011 postreply 05:46:42

回复:I paid one short sale negotiation fee of $3000 last year -milkcandy- 给 milkcandy 发送悄悄话 (277 bytes) () 02/11/2011 postreply 06:58:56

normaly the bank shall pay for negotiator fee -jjj7- 给 jjj7 发送悄悄话 jjj7 的博客首页 (404 bytes) () 02/11/2011 postreply 11:51:16

negotiation fee is not standard, you can say no to it -SD我爱我家- 给 SD我爱我家 发送悄悄话 SD我爱我家 的博客首页 (93 bytes) () 02/11/2011 postreply 09:17:32

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