Short Selling Fremont Second...please Help!
I am working on a shortsale deal with Fremont Investment & Loan. I got them to accept $2500 for a payoff of their second mortgage. Unfortunately they want me to payoff the first at closing. I would have preferred to give them their money and bring the first current. I figured either way they would get their money. My first question is this... has anyone dealt with Fremont and paid off the second while bringing the first current? The sale date is on the 16th, so I wont be able to purchase the property conventionally. Any suggestions or contacts at Fremont with some pull? Please help.
Thanks,
TAT
In my experience, the best contact, the best place to start is to contact the name who appears on the last letter sent by the mortgagee and received by the mortgagor. If that person has passed the file up the ladder, he/she will be able to tell you where the file is, and who to speak to.