Help With Short Sale
I am trying to purchase a house that has a first and second. I have gotten a authorization to release and have contacted both mortgage companies. Both have sent me a payoff and said they would entertain a short sale. I am ready to submit a offer but was not sure if I should submit both at the same time or put a contingency on the first that is si subject to the second being shorted? Please help ASAP the sale is next Tuesday.
I was also concerned with the time frame. This guy has been dragging his feet.
I will be using hard money to fund the deal.
ARV-$145,000
1st mortgage balance-$107,000 Citi Mortgage
2nd mortgage balance-$30,000 Citi FInancial
Reapirs-$10,000
I have already spoke to the second and they are extremly interested in getting anything.
Good Luck. Let us know how you make out.
I agree there will be soon more short sale opportunities than ever before....
Mastering Lead Conversion Techniques will be essential.
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Da Wiz
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Da Wiz, can i google that picture of yours and find it?