Net Sheet For Second Lender
Loan1=136K; Heloc=53K; ARV=210K; Rehab=10K
I doubt the first (Citimortgage) will take a discount and want to offer $4000 to second (National City). If the second takes it I can takeover payments on first. Is this a good plan?
Usually do you send the same Net sheet both lenders? If not whats different for the one sent to second?
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