I have an client, where when I looked at the overall market value of the property and the 2 liens on the property, based upon the projected sales price there will be enough to provide a full payoff to the 1st lien, thus we just need to get a short payoff or short sale the 2nd lien. Has anyone had to do this? I assume the process is the same, just want to get some insight when just dealing with the 2nd lien only. Thank you for the insight!
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