Contract For Short Sale And Sub2
I am making an offer on a house with a first and a second. I am going to attempt a short sale on the large second mortgage. I want to be able to get the second for around $2000 and pay it off. I then want to take the first sub2 and pay it until I sell it. My question is what should my purchase contract be for? I will need one for the short sale with the second lienholder but where do I put in that I am taking the first sub2? I dont really want the 2nd to see that. Do I use 2 different contracts?
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