Posted on February 15, 2012 at 5:29am 12 Comments 0 Likes
Need feedback, help and advise.
I've listed a home (Nov. 2011) in Scottsdale AZ, for a seller who was discharged of his Mtg Debts thru Chapter 7 BK in 2 months prior-Sept.2011.
The seller did not want a secondary negative credit reporting of a 'foreclosure' on his credit after his BK, so that is the reason he would like to short sell.
The first Lien holder ( B of A) approved the short sale and offered the junior Lien holder (chase) $6,000 to release the…
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