"Jill/Ross: Sounds like your experensing the exact same issue I had with USBank. It is like your working with two different companies. Where you able to get the second to waiver the deficiency or are they wanting that from your client too? Also, how…"
"At least in the experience I've had with my HELOC, even if we forclosed the bank could still come after that loan. Forclosure only wipes away the first mortgage but not the HELOC. You would have to have a combination forclosure/bankruptcy to…"
Did your clients have a second or only the primary? The problem we're having with USBank is on the second note (with have both the primary and secondary notes with them). HAFA doesn't seem to help us here."
"Does this actually work? Which people on the list do you talk with though?
I've had so many problems with USBank on the house we tried to sell and they have both the first and second leins. Everyone we've talked with has given us a…"
"Jeff-That is correct, they will not release the lein on the second unless we agree to the deficiency. At this point we've agreed otherwise they will not do a short sale and our only other alternative would be to foreclose."
"Gratz on the approval! How long did the entire process take and was there another bank that you were working with for a 2nd? I really don't understand why they are asking for the deficiency from people who can not afford the payments. They are…"
"One more thing...our real estate attorney was told by USBank that us as sellers will have to come to closing with 5K or so if we want to short sale our house. This is on top of agreeing to paying the deficiency. We have both our first and second…"
"Is it normal to have to get current with your mortgage payments for a bank to approve your short sale? Our RE attorney mentioned that we may have to do this per his discussions with our bank and I was wondering what others have encountered."
"She's experienced with short sales and has been working with our attorney through all this. I beleive neither have worked with US Bank on a short sale in this manor though (when they have both the primary and secondary)."
"I'm trying to find a contact who has done a USBank short sale when they have the second lien. We've been told that we have to agree to the deficiency to be able to get the lien released. What I'm looking for is information on what you…"
"Our attorney called USBank again this morning and was able to gather more information about how the ddeficiency judgements work. It sounds like there may have been a time where they would have waived the judgements, but now that is not the…"
We're still trying to work with USBank to lower the deficiency that my ex-husband and myself will have to pay. USBank has not been very helpful at all. What we're short on is on the line of credit, not our primary mortgage. Our…"
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not necessarily 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.