Thursday, May 6, 2010

Short sale question

Well, I have run into a new twist with short sales, there are 2 loans on this property. The first has agreed to their amount, the second was offered $15,000. They are turning it down... Killing the deal, they are saying they will net more money if they let it foreclose.  The only thing I can think of is they have some type of mortgage insurance, has anyone else run into this? Let me know if you have had the same thing happen.

 

 

Posted via web from abetterrealty's posterous

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