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Help With Short Sale

caesar_6514 profile photo
  • Wednesday, June 28, 2006 @ 05:33 AM EDT
  • 5 Comments

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.

Comments(5)

  • no photo
    caesar_651427th June, 2006

    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.

  • TheShortSalePro
    TheShortSalePro28th June, 2006

    Good Luck. Let us know how you make out.

  • TheShortSalePro
    TheShortSalePro28th June, 2006

    I agree there will be soon more short sale opportunities than ever before....

    Mastering Lead Conversion Techniques will be essential.

  • mtnwizard
    mtnwizard28th June, 2006

    You can find ANYTHING on Google.

    Da Wiz
    [addsig]

  • charlotteinvestor
    charlotteinvestor28th June, 2006

    Da Wiz, can i google that picture of yours and find it?

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