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Foreclosure Forum |
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Re: JBB Buyout vs. Short SaleIn Reply to: JBB Buyout vs. Short Sale posted by Gary on July 03, 2003 at 8:37 AM I've seen comments on these boards that short sales can be difficult, because the holder of the first refuses to discount at all... and expects the holder of a junior note (and the home owner) to not get anything. It creates a lot of time-consuming haggling and coaxing all around. At least with the JBB you are negotiating primarily with the holder of the 2nd. Then you can quietly bring the first current, and make the payments on it.
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