Green Tree 2nd Lien - Only need a short payoff for the 2nd lien - Have you done this?

We have a property that will sale at price where we don't have to short sale 1st lien, however we will need to get a short pay off only from the 2nd lien, which is Green Tree.  Has anyone done this recently with Green Tree?  What was there process and your success?  

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Permalink Reply by Tom Braunagel on April 10, 2013 at 5:16am

Hi Myra-

I'm doing this exact scenario now.  My approach will be to get a payoff for the first and submit the short sale package to the second and treat the rest as usual.  How far have you gotten, and what have been the pitfalls?

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