Share 'Pay off 1st in full and short 2nd and 3rd?'
First with PHH (Merrill Lynch) balance is $301,000
Second was with PHH just transferred to B of A in November balance $188,000
Third with B of A as well balance $250,000
Value is at about $450,000 and just received offer at that price. Has anyone had an experience on paying off first in full, covering all closing costs and then having 2nd and 3rd be shorted and split 75% / 25% respectfully? Seem…
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