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MILITARY SELLER-2 LEINS

Posted by toni blount on August 25, 2015 at 2:06pm in Short Sale Discussions

HI,

I HAVE AN ACTIVE MILITARY SELLER WHO IS CURRENT ON HIS MORTGAGE. HE HAS BEEN ASSIGNED TO ALABAMA FOR THE PAST 2.5 YEARS & RENTED THE HOME UNTIL 2 MONTHS AGO. TENANT HAS MOVED.

HE HAS NOW RECEIVED A PCS (PERMANENT CHANGE OF SERVICE) TO GERMANY BEGINNING JANUARY 2016.

THE HOUSE IS ABOUT $50K UNDERWATER & HE CAN NOT AFFORD TO CONTINUE TO PAY THE MORTGAGE AND WANTS TO SHORT SELL.

ANY SPECIAL PROVISIONS FOR ACTIVE MILITARY? 

1ST LEIN IS OCWEN, 2ND LEIN IS CITI. (THIS IS NOT A VA LOAN)

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Replies

  • Wendy Rulnick September 8, 2015 at 6:04am

    PCS is usually hardship with the VA!

  • Jonathan Katz August 26, 2015 at 4:15am

    It will depend on who the investor is, but it sounds like a valid hardship as he is facing imminent default and relocation. I'd submit it Ocwen for review.

    Brett@ishortsalenow.com

    310-564-6389

    www.ishortsalenow.com

This reply was deleted.
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