Getting Approval from 2nd first, then submitting to 1st

I'm thinking it might take you twice as long to get an approval to do one at a time. I'm also thinking it doesn't really matter what the 2nd wants, or what the second will approve, it will be up to what the 1st will allow them.

We should do a poll. How often is anyone able to get the 1st to agree to more than 3k to a lender in second position? I used to - all the time - now, not so much...

Catherine, before I reply, I ALWAYS look forward to your response (along with a few others on this forum) so thank you so much!

The reason I thought to do it this way was b/c my (previous) negotiator at EMC told me they are told not to submit for investor approval until the 2nd has agreed to a certain amount first. This way, the negotiators are working on files that they know for sure the 2nd has already agreed to.

Normally, I would submit the files simultaneously and then vebally or via email try to negotiate an amount between the two if necessary, but with my experience with SLS, they go ahead and get their approval on the amount they want without even discussing it first with me or anyone else.

I plan on starting at $2,000 with SLS. What do you think?

BTW, my previous negotiator at GMAC got an approval for $6,000 before servicer provider switched to SLS. My previous negotiator at EMC was willing to submit for investor approval at $6,000 after I obtain hard approval from GMAC. Unfortunately, right when I obtained the hard approval, service provider for 2nd switched to SLS and EMC is assigning a new negotiator on this file. With a new 2nd service provider and a new negotiator for the 1st, who knows what these two are willing compromise on. Both my EMC and GMAC previous negotiators were so pleasant to work with and both were willing to "negotiate" and come to terms with each other.