I have a client who wants me to take over a short sale that failed. She was offered $25,000 from Chase Bank. LCS is the second. LCS blocked her contribution from Chase, stating it wanted the money.…Continue
"Perhaps it is in the investor guidelines so they are required to ask. They can ask for whatever they want. Subject to negotiation. Sometimes it is a sign that the investors do not want to participate in the short sale. That they feel it is more…"
"Excellent point made by Thom Colby. Although you likely have something in your paperwork that makes the short sale closing contingent on short sale approval, and you might not get approval with a buyer contribution to the second. The first…"
Sacramento, East Sacramento, Land Park, Midtown, Elk Grove, Natomas
Author of The Short Sale Savior, published in June 2009. Broker-Associate at Lyon Real Estate in Sacramento. Home Buying Columnist at About.com. 30+ years of experience in real estate. Sacramento Short Sale Agent. DRE #00697006.
I also was not born in 1900, somedays it just feels like it.
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