Real Time Resolutions Short Sale Help

At times you will find Real Time Resolutions (RTR) as the mortgage servicer typically for liens in 2nd position. It is important to know that a Real Time Resolutions Short Sale often can be difficult as they tend to request high payoffs to release their lien. The payoffs they ask for are many times in the 20-30% range of their unpaid principle balance. A payoff of this amount will exceed the amount an investor on a 1st mortgage will allow per their guidelines towards a 2nd mortgage. RTR also pushes to not participate in the HAFA program as it would force them to often take $8,500 as a maximum payoff.

What To Expect

The negotiators at RTR play extreme hardball when it comes to negotiations and will try to not budge on their payoff. This often causes potential complications in the transaction as parties will be pushed against the wall to make contributions to RTR so that the deal can get done. We have seen this time and time again, but we have found that by reaching out to the highest level escalation contacts at RTR with a good case at hand, that RTR can indeed be talked down. We have been able to them down to roughly 10-15% of their unpaid principle balance if not all the way. Be prepared for the worst when dealing with RTR, but know that with the proper communication and escalation contacts that you can get them to be more realistic with their request for payoff amount to release their lien.

For assistance with negotiating with RTR or any short sale lender, please fill out the form below.

[contact-form-7 id=”155″ title=”Contact form 1″]