Hey Guys Happy New Year. hope this year starts with a bang for everybody in this forum.
I need some help neg a deal with Franklin Credit.
I am currently in the process doing a short for a client here in NY.
They have 2 loans on the property 1st (Owen) ND Franklin Credit.
I offered 310K to the banks Owen offer to pay the 2nd 5K and the decline.
and counter me with 29,900K. The 1st refused and the 2nd is not interested in less that what they are asking for.
P.S: They also want the seller sign a promissory note for the remainding balance. Can someone please help me here.