Question
Whats the difference between a mortgage discount and a short sale? Why I ask is Im trying to discount to notes on a property. Am I going about this
wrong?
B
Whats the difference between a mortgage discount and a short sale? Why I ask is Im trying to discount to notes on a property. Am I going about this
wrong?
B
A mortgage discount is when you opt to buy a mortgage through assignment at a discount. A short sale is when bank will accept a lessor payoff then what is owed upon successfull closing.
Thank you. One more question if I may,
Which is better to have a grant deed and try to discount the mortgage or do a short sale ? I am I making any sense? Or is it a one in the same action?