Posted on: 15th Aug, 2011 07:48 am
I am negotiating a short sale. CBCS is the 2nd (collection agency). I need help strategizing the negotiations with a collection agency. They want too much to settle and Fannie Mae 1st will allow only 6% of unpaid balance. Any ideas?
Hi jfallavena,
You may contact an attorney who will negotiate with the collection agency on your behalf and make sure that they agree to the settlement amount that Fannie Mae is offering. Unless the collection agency agrees to it, the short sale won't be initiated.
Thanks
You may contact an attorney who will negotiate with the collection agency on your behalf and make sure that they agree to the settlement amount that Fannie Mae is offering. Unless the collection agency agrees to it, the short sale won't be initiated.
Thanks