Here in Florida, State Senator Darren Soto has been targeting the suffering of Florida homeowners in a series of bills (more on that later) and in his proposed law, Senate Bill 1228, Senator Soto is pushing for a new Florida law that would block banks from trying to collect the «short» in many
short sale scenarios.
The 2nd lien holder has a loss sharing arrangement with the FDIC that will allow them to collect substantially more than the amount offered by the first lien holder under
the short sale scenario.
The 2nd lien holder has a loss sharing arrangement with the FDIC that will allow them to collect substantially more than the amount offered by the first lien holder under
the short sale scenario.
Not exact matches
If that
scenario plays out, we will be looking at a possible
short sale entry into $ CAR, with the expectation of an eventual move back down to the $ 30 - $ 34 area.
In this
scenario, the
short sale would not affect the borrower's credit score.
Folks this is a real world
scenario that happens everyday in the world of
short sales.
Folks this is a real world
scenario that happens everyday in the world of
short sales.
In the above
scenario what you can expect is a
SHORT SALE rejection.
Once we have the
short sale package returned, Nestor looks over the
short sale package to make sure he feels it is a
scenario that we can get approved by their
short sale third party lender.