Home Buying in Massachusetts>Question Details

nimesh.sumeda, Home Buyer in Anaheim, CA

We are trying to buy a short sale home. Seller had two liens and both sellers’ lenders gave the short sale approval a month ago. During that time

Asked by nimesh.sumeda, Anaheim, CA Sun Jun 23, 2013

peri

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Question, what is worse a short sale with one lien or a short sale with two? Answer, one with two, by far.

Short sales are slow and frustrating, add another lien and it becomes much more difficult as the two banks fight with the other to get more money (or more correctly to lose less). Get ready for a rocky road. Get ready for game changes and a lack of answers as it progresses.
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Web Reference: http://www.archershomes.com
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