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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Approach with 2nd for short sale? Posted by Larry Marshall on December 17, 2003 at 5:35 PM I have a deed for a house in foreclosure in Los Angeles. The following are the positions: 1st TD: $160,000 2nd TD: 40,000 The house is worth about 230K. The 2nd seems not to want to discount at all. What approach can I take with the 2nd lien holder, who seems very willing to go to foreclosure sale? If the 1st is 180k (160K + 10 arrearages + 10K foreclosure costs) maybe the 2nd lienholder is right. Should it matter to the 2nd that there is at least 10K in repair work (roof and A/C) plus another 5K to clean it up? Thanks - Larry Follow Ups: Chewing on the wrong bone? Ward-CA- 6:32 PM, 12/17/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a deed for a house in foreclosure in Los Angeles. The following are the positions: : 1st TD: $160,000 : 2nd TD: 40,000 : The house is worth about 230K. The 2nd seems not to want to discount at all. What approach can I take with the 2nd lien holder, who seems very willing to go to foreclosure sale? : If the 1st is 180k (160K + 10 arrearages + 10K foreclosure costs) maybe the 2nd lienholder is right. : Should it matter to the 2nd that there is at least 10K in repair work (roof and A/C) plus another 5K to clean it up? : Thanks - Larry Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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