June 2015 Blog Posts (1)

VA Compromise Sale with Junior Lien Converted to Personal Loan, but...

Hello all,



I have a VA short sale, Wells Fargo first lien holder and CitiFinancial holding second.  Wells Fargo already appraised the property, so I know the minimum net amount Wells wants to receive at closing.



In order for Citi to release the second, Citi wants the seller to pay $1,000 "good faith deposit" at…

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Added by Frank Biganski on June 23, 2015 at 2:34pm — 3 Comments

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