I initiated a Bank of America cooperative short sale in September 2012. At that time both 1st and 2nd where serviced by Bank of America. After the offer was received and accepted I was informed that B of A was no longer servicing the 2nd. The 2nd ended up at Carrington. There is $85,000 due on the 2nd. B of A offered $8,500. Carrington wants $34,000 or they will torpedo the deal. Carrington says its not a HAFA short sale, so they don't have to take the $8,500.... What due I do next??????
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yes Sr lien approved sale, and standard payoff to the 2nd
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