I am taking a listing tomorrow that will need to go through Equator. I have done two short sales with BOA but not with Equator.
The seller bought the home in 2000 and refinanced in 2008 for more money. How does it work if she received cash from the refinance? Does it matter or not? If it does matter, how is it handled in a short sale?
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WoooHooo! Thank YOU!
The process does not change. Many,many people did the same thing and have been left with a short sale situation. How many mortgages are on this? Where did hte cash go? If she has cash, expect the bank to ask her to contribute
Wherever cash she had is gone now...lol
Sounds like a typical short sale to me
Yes, I agree with the other posters, the refi shouldn't matter. Be careful with Equator, some of my emails have been bouncing back and I don't know why.
What do you mean by your emails are bouncing back? Are you sending thru equator or outside of equator?
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