I am working on one right now. I certainly wish I had more details for you , but just started the process.
They told me that they wanted 5% of the proceeds and not to send them anything until I have a preliminary HUD-1 with the amount that the ist lien holder is willing to pay. The hardship letter that my client had to write has to state what she intends to pay if anything on the HELOC as per BofA. This is unchartered territpry for me.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.