Lynn Pineda's Blog – October 2009 Archive (1)

1st Position Lenders ignoring 2nd position Lenders

I don't know if anyone else is experiencing this but I have had a number of recent Short Sale approvals come through in which the 1st Lender isn't acknowledging any proceeds of the Short Sale to go to the junior 2nd Lender; written approval with $0 to junior 2nd. I'm having to go back and get the approval letter adjusted and that is just how I'm treating it; I'm bringing it to their attention as if it was a simple oversight by the Lender and they "forgot" to include the $'s. However, what is… Continue

Added by Lynn Pineda on October 19, 2009 at 2:42pm — 3 Comments

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