In reading a bit further, you do NOT want the seller negotiating directly with the bank. There are trained professionals to do this on a daily basis and know who they really need to speak with and how to get things done. In this situation both sides need some sort of representation -- whether it be attorneys or agents -- otherwise you could be floating out there for many months or even a year because you won't get to the right people.
This is not a specialty of mine, but I do know someone who deals almost exclusively with this kind of thing and can help the seller navigate. Please let me know if the seller would like help.
Thanks,.
Marney - Tue Nov 3 2009, 04:20