Closed a BofA short sale yesterday:
Mortgage amount $476,000 first mortgage BofA
Mortgage amount $60,000 second mortgage CCO Mortgage
Sales price $215,000
Net to first $196,225 PLUS seller contributed $15,000 to the sale
Net to second $3000
Seller was an investor. Bank of America REMOVED their deficiency language
Contract to close 136 days
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