Nathan Baker's Discussions
NC Short Sale HELOC 2nd & 3rd
Started Jun 14, 2011 0 Replies 0 Likes
I would like to post the following question but I am new to this site so I am not sure which blog is the correct one to use. Please help! Thanks!I am currently very near closing on a 3-loan short…Continue
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- Nathan
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- Baker
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Nathan Baker's Blog
HELOC Short Sale in NC
Posted on June 11, 2011 at 5:58am 2 Comments 0 Likes
I would like to post the following question but I am new to this site so I am not sure which blog is the correct one to use. Please help! Thanks!
I am currently very near closing on a 3-loan short sale on my home in North Carolina. I have a buyer at 500k. The 1st (HSBC) is at 495k. The 2nd (RBC) is at 130k HELOC and the 1st is willing to release 13k to the 2nd. The 3rd is at 60k HELOC and the 1st is willing to release 1k to the 3rd. I have all 3 approval letters but the 2nd approval…
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