Welcome!
I keep reading the stories of mortgage companies and banks seeming almost uninterested in taking offers on foreclosures and then listing property as REO for less money. After 4 months of negotiating with a first mortgage holder and coming up with what appeared to be something that could be acceptable for all involved, the second mortgage holder seems to be moving in slow motion and almost totally disinterested. I feel like screaming over what appears to be unconscious behavior. The big concern at second seems to be the offer is too low even though they can only get what first offers them since property cannot sell above amount of first mortgage holder. They have come up with their own comps for an area that has 1 property under contract out of 65 on the market and has a beautiful house on the market for less than they are saying property is worth. Only a total of 5 sales in the town this year! Who to I shake to find some common sense?