Fifth Third Bank

Comment

Comment by Kynse L. Agles on March 8, 2010 at 5:16pm

Fifth Third wants my client to sign a $150K promissory note. We countered them at $500 they denied that, so we up-ed our offer to $1000 cash at closing and a $1000 promissory note. I will keep you posted as to how this negotiation goes. Buyer is trying to close by the end of the month which is also the end of the quarter for Fifth Third.

Comment by Alton R. Tyndall, Jr on February 22, 2010 at 2:32pm

Just got a response from fifth third after 13 days..and bank wants to net 12000 more for the deal..working with buyers now to see if they will come up as well with the sellers.. gotta keep negotiating!

Comment by Alton R. Tyndall, Jr on February 15, 2010 at 5:56pm

I do have a supervisors name and phone number for Fifth third bank..Her name is Mandi Cook..I will send you the number in the morning..

Comment by sherry on February 15, 2010 at 5:34pm

Yes Steve Entwistle is the name I got from this website. He was excellent. I got answers and replies. I hated doing it because I felt this is probably why my shit never got anywhere because people jumping the line but after 9 months and still to get "the file is in review" I had to do it.... I do not have a contact as of yet. If anyone has the contact information for any higher ups at Fifth Third that will be much appreciaed.

Comment by Alton R. Tyndall, Jr on February 15, 2010 at 5:24pm

I actually took an email from an approved shortsale letter that Bryant Tutas had posted and replaced the name with my contact, emailed him and he actually responded..he told me that my packet had been sent to review and gave me the number, extension and supervisors name..I will be calling her in the morning..its like pulling teeth with these people..I did one with Suntrust a while back and dealt with Steve Entwistle, he was good but did cut the commission by 1% right at the last..the ke is the supervisor and lots of persistence!..Thanks for our help..

Comment by sherry on February 15, 2010 at 5:18pm

I was looking for the same thing too Alton. Even the CEO's email I would take. I had to just do this with Suntrust and after waiting 9 months for ann approval, I got it approve within one week....

Comment by Alton R. Tyndall, Jr on February 15, 2010 at 10:39am

Does anyone have a supervisors information for Fifth Third Bank..email or direct phone number and extension....thanks

Comment by sherry on February 14, 2010 at 7:03pm

Hello All, I thought I would start here. Back in August 2009 5th 3rd had approved a short sale for a property in Tampa, FL but they wanted my seller to sign a promissory note for like $35K. He has no money at all so we walked. Now the prpoerty is still listed for sale going on 12 months plus with no bites and also with a foreclosure sale date set in May 2010. Still no solid contracts. I was wondering if anyone has any suggesting for negotiating the promissory note? I would think if they get an offer close to the BPO value they would take it negotiate the note down with a sale date set...



Any help would be much appreciated? The file is with a local person so I guess this is a good thing?

Comment by Kynse L. Agles on February 14, 2010 at 3:27pm

I have 2 Fifth Third Short Sales. One I just got a bank approved price of $545K , the buyer walked. The other is still in negotiations because they seem to believe the seller has to much money. I will keep you all updated. Both packages were submitted December 1st. I have local negotiators on both files which is nice, I actually dropped the tax returns off at the local office and spoke with the negotiator.

Comment by Alton R. Tyndall, Jr on February 11, 2010 at 10:53am

Just submitted a full packet with 5/3, they received it and gave me a shortsale contact name but no contact information..said wait two weeks until BPO comes in..this is freddie mac loan according to loss mitigation..any tips appreciated to speed it , thanks

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