Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

81
Posts
46
Votes
Osazee J Osagie
  • Investor
  • Potomac Maryland
46
Votes |
81
Posts

Seeking Negotiation Assistance for 1st Lien

Osazee J Osagie
  • Investor
  • Potomac Maryland
Posted

Dear BP Folks,

I hope this message finds you well. I am reaching out regarding a property where I currently hold a 2nd lien position on a single-family residence (SFR). I have possession of the property and am the sole titleholder. Recently, I discovered the existence of a 1st lien and am now looking to negotiate a short payoff at a significant discount. Property is in Maryland (forward paying state).

To provide some context, I recently averted a foreclosure sale by bringing the 1st lien current, which I managed to do just one day before the sale was set to occur. I acquired the property through a courthouse foreclosure sale, and I am committed to finding a viable solution for the 1st lien.

I am seeking someone with experience and a proven track record in negotiating with lenders. While I already have excellent legal representation, I would prefer to work with individuals who have hands-on experience in this arena—those who truly understand the nuances of negotiation from the ground up.

If you believe you can assist, I would be happy to discuss compensation for your efforts.

Thank you for considering my request, and I look forward to your response.

Best regards,

DJ

Loading replies...