Sentences with phrase «first approved the short sale»
The first approved the short sale and offered the second the max allowed $ 6000.
http://massrealestatenews.com/ Not exact matches
First, the lender reviews and declines the borrower for home retention options and approves them for participation in a short sale.
The first bank approved the short sale real quick!
CW is my 2nd mortgage holder and since it took so long for them to approve the short sale, the updated HUD didn't give them as much money as they were expecting and it even put the first a lil short, so the deal had to be re-approved by the 1st mortgage holder.
Although there is usually a written purchase contract negotiated and executed in a bank's sale of REO property and in the case of a short sale, the bank may not permit the inclusion of exchange cooperation or other assignment language in the purchase contract if the issue first arises after the contract has been approved by senior bank management.
If you took out two mortgages, a first and a second at the same time in order to buy your Wellington home than you can most likely be able to work with both of your lenders to approve a short sale with a minimum amount to your second home loan.