I am trying to fill out the offer submission form and towards the end of the form there questions about the 1st and 2nd lien release amounts. Are these the original loans against the property, in this case a 1st and a 2nd or something else?
Thanks,
Gary
Tags:
You would put the amount you're offering to a jr lienholder. For example, you may be paying $3000 to the 2nd loan to release the lien (approve the short sale). You should be able to enter an amount in the box for the 1st.
© 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.