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Short Sale Question - Need Help!

Posted by Stuart on June 04, 2003 at 3:31 PM

I have an agreement from the sellers of a house to short sell their property to me. I've contacted the 1st mortgage holder, but they tell me that they won't even discuss a short sale unless the 2nd mortgage holder gets nothing. Why would the 2nd mortgage holder even consider this? Is there a way to do a short sale with a 2nd mortgage holder involved?


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