To: [email protected]] From: Jennie Saunders Sent Thur 12/16/2010 1:32:56 PM Subject Fw: Cielo Title: Fw: Cielo Let's chat when u get a moment or when I see u later ... Xoxoxo CORE: Jennie Saunders I Founder & Chairman I 66 East 55th Street New York NY 10022 I Main I www.coreacccss.net I --Original Message— From: Shenlcman <shenkman wefixmat a es.com> To: 'Santoro, Vincent' < ; Ilzidor Mikhli, Esq.' < t• CC: 'Srolca. Neal' ennie Saunders Sent: Thu Dec 16 01:10:41 2010 Subject: RE: Cielo Gentleman. I Mobile: The short sale is not approved at that number you are offering. I appreciate the offer; however, that number will not close the deal as the bank determines the price based on fair market value and the banks appraisal. The current owner does not have a say in the matter or this deal would have been accepted a long time ago. Price is determined by the bank and the investor of this particular loan. Please understand the existing mortgage on the property is over S500K and the bank is willing to accept a loss of roughly 100K. The bank had previously approved 425K with a seller contribution of 10K. I am working on renewing the previous approval that was issued the Berskins provided they are still interested in moving forward. My past experience with short sales is that the bank will not accept a lower number the second time around as they have had the property appraised and their investor feels that this is fair market value. If your client still wishes to proceed it will be my pleasure to work with you. Please keep me posted and feel free to contact me with any question you may have. Israel From: Santoro, Vincent [main() Sent: Wednesday. December 15.2010 10:08 AM To: Izidor Mikhli, Esq. Cc: Sroka, Neal Subject: FW: Cielo See below, please advise From: Michelle Breskin EFTA_R1_00206452 EFTA01830274