Bob's Blog (1)
what if 2nd lien does not accept $6000 for GSE?
I, the buyer, have received approval for a short sale that is HAFA II. The only problem is that the 2nd lien holder wants more than $6000 for a GSE. The first lien holder is claiming it is illegal to ask for more than $6000. But it is my understanding that the 2nd lien is "offered $6000", but is not forced to accept only $6000? Also how do you handle this? Fannie Mae's instructions state no one (buyer, seller,...) can pay the extra amount.
Added by bob on February 24, 2014 at 5:22am — 4 Comments
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