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Example Of A Proposal

nathan profile photo
  • Monday, October 27, 2003 @ 11:08 AM EST
  • 2 Comments
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 :-S
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  • KyleGatton
    KyleGatton27th October, 2003
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    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

  • nathan
    nathan27th October, 2003
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    Thanks Kyle,

    Do you happen to have and example of how you show your proposal to the lender? I would appreciate it.

    thanks,
    Nathan

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