I have a short sale opened. The seller filed for BK, the second lien belonged to GMAC in 2007. It was charged off. GMAC says they do not have any record of it. Does anyone know who GMAC sold their liens to ??
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Javier - Hasn't the seller received any written notices from the new owner of the note? You can have your title agent run a title search, as well. Always recommended.
http://www.trulia.com/blog/TWG/2011/01/how_gmac_short_sales_work
Hope this helps?