Asked by Wa2gib, Byram Township, NJ • Thu Jan 24, 2013
that purchased secondary loan.
The bank is willing to negoate but the second lien holder wants full price. It cost me $375 in legal fees to find out the secondary is only allowed $2000 according to HUD. .
Since then the property was taken off of the market. I suspect inside trading. My advice stay away from Short Sales and also Foreclosures
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