Updated over 2 years ago on . Most recent reply
2 lenders foreclosing same time.
Seller has 2 mortgages foreclosing.
Senior lien has been in foreclosure since 2012.
Both liens are around $350k each.
CMV $950k
Seller has financial difficulty and seems to think we can negotiate for a partial settlement from junior lien holder.
Can either payoff amount be negotiated considering there is equity in the property?
If so, which is better to start negotiations with?