Example Of A Proposal
I am currently working on a short sale with two lienholders and was wondering if I present an offer seperate to each lienholder? Do I let the first lienholder know about my offer to the 2nd lienholder? Does it matter? I would also like to get an example of a offer on a short to see what expenses you list for yourself and for the lender if they go through with the foreclosure.
Thanks,
Nathan
I would not let each lender know what the other is taking. One might get jealous of the others offer. If they find out , no harm no foul. But the secondary lender should be getting less of a percentage, if not the first might get insulted. I usually dont tell them unless they ask, and always after the contract is signed.
Good Luck,
Kyle
Thanks Kyle,
Do you happen to have and example of how you show your proposal to the lender? I would appreciate it.
thanks,
Nathan