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Short Sale(QUESTION)

tyler1991 profile photo
  • Friday, November 12, 2004 @ 08:58 PM EST
  • 1 Comments
We live in South Carolina and have land that has an old house that we used to rent and some other old buildings on it> We have been served forclosure papers. We just can't afford this extra payment anymore. We have a family member that would like to buy this land. How do we propose a short sale to the mortgage company? We owe 42000.00 to PCFS mortgage and they are offering to buy for $25000.00. This land would be land-locked to anybody else. Please let me know what we should do>
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  • TheShortSalePro
    TheShortSalePro12th November, 2004
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    This is something that I would be interested in working.

    The subject property is landlocked? Is there a use and access easement? Do you own the adjacent property?

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