I just closed a file where they would not budge from a $25k promissory note and we negotiated it down to $5k, and $2k cash at close.  This file was with United Guaranty, also getting the promissory note also made it possible for Wells to waive their deficiency rights...

 

However, we have a file at Wells, where the MI company is Radian Guaranty, and just today we received a $20k promissory note.  Now we prep our sellers that when there is MI get ready for a P-Note.  Radian is strong about not moving because my seller is not in default on any of their other bills... 

 

I love how they think we are just going to roll over like $20k or bust is going to work on us!  Like they wont take a $15k P-Note vs $0...

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Radian agreed to lower it from $25,000 to $20,000, but they would not budge any more, how did you get United to agree to $5k? Radian was threatening to blow the deal to foreclosure,

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