Asked by Susan, Dayton, ME • Wed Aug 12, 2009
the latest trend with short sales is for the seller's lender to require the seller to sign a promissary note for the difference in the amount owed. Therefore, most sellers in this situation choose to just go into foreclosure instead. Is this what most of you are finding lately? Also, my seller can't get anyone at GMAC to even mail her the initial packet of paperwork she needs to get the process started. Any suggestions?
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