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Carrington Mortgage - Auction Date 3/1/13

Here is the deal:

1st Mortgage: Carrington

2nd: None

Auction Date: 3/1/13

Offers: 0

Carrington has stated that they will not do postponements, and they need at minimum 30 days to process a short sale. That only gives me a few more days to get an of

Why Are Lenders Bidding Less Than Mtg Amt Owed At Sheriff Sale?

Is anybody else seeeing this in other places besides Minnesota? What is the logic behind this? Does it have to do with mortgage insurance covering the difference? Curious minds want to know.

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Carrington Mortgage - Auction Date 3/1/13

Why Are Lenders Bidding Less Than Mtg Amt Owed At Sheriff Sale?

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