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Re: What happens to HELOC on a short sale?

Posted by Laura on July 09, 2008 at 1:03 PM

In Reply to: Re: What happens to HELOC on a short sale? posted by Tom on July 09, 2008 at 6:09 AM

Tom;
I don't have to document or justify my experience with short sales to you. You are giving Joe bad advice, that's all. If you would bother to read my post, you will see an actual deal that I just did with numbers. It is possible for Joe to get this deal done. Lenders in 2nd position take DEEP DISCOUNTS all day, every day.

: I don't doubt that the seller who have to kick in $$, or the realtor reduce their commission to get the deal done. This assumes either would or can do so. Although my original post didn't state it, I assumed neither would/could happen and it's unknown if Joe has that capability. Who was the first and the second in the deal that you referred to? How many SS have you attempted, how many completed, and how many similar to the terms you mentioned have been completed?




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