Asked by Arkangel, Fremont, CA • Mon Apr 23, 2012
I am the buyer
We put an offer on a property that has 2 loans, Primary with B of A and the Second with PNC
Bank of America has offered PNC 6k to release the lien and they are requesting 8k
The listing agent has asked if I would be willing to pay the rest to get the release and move on with the sale.
Has anyone had any experiences like this? I am waiting to hear back from my lender and also for clarification from the listing agent on how exactly this works and what ends up happening if the property does not appraise for the amount offered and the deal falls apart.
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