Example:
On the Preliminary HUD I was thinking:
I am wondering because I recently had Chase dig their heels in and demand a deficiency for the second--it was a purchase money loan too. How do I get around that? Will they take 40%?
My thinking was to present the 70% / 42% scenario to AHMSI first and wait, if they approved it, then I would present it to Chase.
I am usnure if I am pursuing this the right way. I have another scenario very similar and wondering what to do. Superstars--I need your help.
Tags:
For me, Chase is very tough. They will want cash and probably a note to release that 2nd, and even then, they may not release their right to pursue. But..an unsecured note is better than the 2nd, so your Seller may sign one. I have found that with 2 loans, different servicers, I have had to present both with entire packages at the same time. Interested to hear other responses.
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