My client re-financed their $300K US Bank loan (FHA) in 2009, creating a first mtg of $230K, and second mtg at %$70K. The monthly mtg payments were still too much, so in July 2011 (yes, nearly two years ago) I listed the home and started the SS process with US Bank.
Much more about the US Bank experience, but too much for this post.
I feel we're now down to the wire, but HUD is telling me that they won't release the $70K second without full payment, no exceptions.
Anyone had success in getting HUD to release their second for the FHA maximum $1,500 ????
Thanks in advance to all respondents.
JPP
Tags:
Is the 2nd a Partial Claim?
© 2024 Created by Brett Goldsmith. 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.