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Permalink Reply by Ernie Dill on November 1, 2010 at 2:51pm

Etrade’s short sales in my experience are handled by PNC in Pittsburgh (Not Miamisburg, OH) as Correspondent:

I have a deal with them now on a second. The individual below has been terriffic.

Jim Oberleitner
Sr. Asset Specialist
Debt Resolution
2730 Liberty Avenue
Pittsburgh,PA. 15222
(412) 762-6761 Phone
(412) 768-3562 Fax
Mailstop P5-PCLC-A1-H
james.oberleitner@pnc.com

Also:
412-762-9518
412-768-3562 Fax
4-person team

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Permalink Reply by Antonette Solano CSSG, SFR on November 1, 2010 at 4:09pm

thanks


Did they give you an amount that they will accept on the 2nd.. I am curious as mine is a 2nd also.

It seem that they assign files alphabetically by the borrowers last name.

She finally admitted she had the 1st pkg

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Permalink Reply by Ernie Dill on November 1, 2010 at 4:28pm

Initial request much earlier was for 25% of unpaid balance for note and lien release. We couldn't settle at that time as we were still in negotiation with the first.

We have offered $9000 at this much later moment, under changed circumstances - sellers have vacated and relocated, buyer has pre-settlement occupancy. Seller income is now 37% of prior level.

That offer was welcomed and has been submitted. That's about 12% of the balance of $76,000. It is $3000 from the first lienholder, PNC, and $6000 cash at settlement from sellers.

That cash offer is based on what they can actually afford to pay, not a percentage formula. They saved the rent paid by the buyers since August.

The seller is a USCG Commander who retired after 20 years service. It was a voluntary retirement, but he had been passed over, and would have had to relocate had he stayed in service.

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Permalink Reply by Antonette Solano CSSG, SFR on November 1, 2010 at 4:33pm

thanks for the information...it is good to know what I can expect from them

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