USAA 2nd mortgage short sale - 80/20 loan

I am currently taking a short sale with a USAA 2nd mortgage lien. The property is in Florida.

 

Have any of you Superstars had success in a full satisfaction of debt when negotiating a USAA 2nd?

Views: 728

Replies to This Discussion

Permalink Reply by jeni lamberto on December 10, 2010 at 7:37am


Thanks for the feedback Bud. I am happy to hear this, I have prepped him for a no interest note and have suggested he seek an attorney's advice upon receipt of short sale approval.

 


Bud Cooke said:

I had a Wells first and a USAA second a year ago and the seller was represented by council to help get through the deal. They were going to kill the deal "on investor's orders" unless the seller signed a no interest note for about half of the unpaid balance. At the advice of his council, he signed to get it done. We were down to our second extension and Wells wasn't about to extend again.

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************