Yes, many....

Yes.

I also had a short sale where the 1st agreed to give the 2nd $5K and then changed their mind right before closing and only was willing to give them $1K.  

Yes, everyone had signed to agree...which means nothing on a short sale.

The 2nd finally agreed to take only the $1K but the 1st (instead) wanted the buyer to pay the extra $4k which he was not willing to do...

I finally went up the food chain and raised hell.  My ace is always that I will call a news reporter to expose their dirty dealings.  Works every time.

It finally closed at the original agreement.

Eve

Yes, I sure have!

I love Eve's idea to threaten the news media - that would certainly work when other avenues don't! 

we rarely did any short sales when they were plentiful....our focus was new construction and the banks worked with our builders to get the homes sold.... worked well for US!!

2nd lender foreclosed except he didn't realize he was 2nd in line. Both got paid off. Both got enough to get paid off.

Yes I believe it's 6 to 7K somewhere in there.

I haven't done but maybe three short sales in my life and in none of them was a sec ond lender involved.

Yes, but it was a couple of years ago and I no longer put the effort into lender's messes.

Oh yes ... many if not most. 

I have not seen a short sale in a while and I hope I don't see one anytime soon. 

Yes, many, many times...

Yep, many. --Kasey

When I was assembling parcels for development, offering the second something often helped the "time" process along. They know they are dying on the vine so getting something over nothing makes sense if approached gingerly. Private lenders take it personal while mainstream talked amounts

I've never been involved in a short sale and have no desire to be.

    I always referred the short sales to a Broker who specialized in shorts. 

   Haven't seen any in a long time.

In the past we had many second lenders that got a token amount. Get it in writing is the key

Years ago.

Yes

Not planning to ever get involved in a short sale.

Yes

Yes, $4550

I have worked on short sales where the second lender refused to lower the balance or negotiate and said let it go to foreclosure.

Yes.  They either agree or they risk getting nothing in a foreclosure.

It has been several years since I was involved with a short sale.

Early after '08; yes. After the procedure got tweaked; no

No.

Have only done two short sales and decided that was not my cup of tea.  One closed, the other did not, due to the 2nd lender demanding  more money.

Had a second get $30,000 paid by the first mortgage holder at closing.  House was more than 1M

Yes, I've negotiated much more.  Some Investors won't take $3,000-$6,000. It's not the norm, but for that select group of 2nds... real hold-outs... that is what must be done. It wont work on FNMA deals.

I have only negotiated one short sale, the rest I've hired a negotiator so I've not been privy to the information nor did it really matter to me as long as my client was ok with the sale - that's what was most important to me

No..we have very few shortsales and I don't due them refer them to somebody qualified.