Can't get a payoff from the lender
Hey everyone, I'm working on a deal with two liens. I was able to easily get the payoff from one through the attys off. no problem. but the other says they're backed up because of people refi-ing. and they can't give me a payoff for 7-10 days. We all know that time is money in this biz and I need to know now, not next week sometime. Is there anyway I can convince the lender to give it to me now- aside from doing a title search?
Thanks yall 
It's unlikely that you'll be able to get the 'backed up' lender to provide info more quickly, even if you do enjoy a good relationship with them.
Why not 'guestimate' by looking at the most recent statement or foreclosure document. Calculate the stated per diem costs, plus foreclosure attorney's fees to coincide with your acquisition date.
If necessary, leave open the possibility for an adjustment contractually.
Thanks for replying, I've had a title search done and the balance in ? states $33.000 but when I called the lender about 3 wks ago, the automated recording says $27.994. That's a $5000. difference. I asked for $167.000 after I got the automated estimate along with the primary mortgage of $127.000. The buyer offered $160k. If I go for the automated amount it would be a $155.246. If from the title co. , the payoff is $160.246, I've already negotiated down to $163.746 thinking I'm going to get $8500. but I may only get $3500.
Clif