I have been working on the same issue for past two weeks trying to find answere if you find out before me please let me know, except in my case this is my first short sale so the verbage has to be easier than one listed above. thanks
Does anyone know if you can negotiate with the lender on these issues? i would like to have the credit somewhat intact for a future purchase in the next year or two. Thanks in advance!
so nobody knows the answer to this?
For the above scenario, is this how the net sheet would look?
sales price: 115,000
2nd loan pay off : 3000 (negotiated down to 10%)
closing costs, etc: 3000 (to make this simple)
the net to the bank would be: 109,000
Is this correct, or should i make the sales price 121,000 so that the first will net 115,000?
I have been working on the same issue for past two weeks trying to find answere if you find out before me please let me know, except in my case this is my first short sale so the verbage has to be easier than one listed above. thanks
can anyone short sell? how do you get paid?
Does anyone know if you can negotiate with the lender on these issues? i would like to have the credit somewhat intact for a future purchase in the next year or two. Thanks in advance!
Thanks thorncore I appreciate your advise. I have a lot to learn!