I have a BofA short sale with a very large IRS lien. In their counter they have "Other Lien(s) Release Amount" and "Cash Contribution to 1st Lien." What is the difference. There is only one other lien and it's the IRS one. Please help me understand the difference between these two. They have different amounts for each.
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Other liens release would be the release of the IRS lien(usually with no money). Cash contribution is the money the seller is paying the lender to release and/or satisfy the mortgage...it is paid at closing Jayne