I have a 2nd HELOC, not a purchase money which is now with Focus Management Group, originally with Wells Fargo. Having a tough time getting a buyer that will come out with substanstial amount. My seller will not come out with no monies (unemployed) nor settle with a promissory note. BofA as the 1st position will only give $3,000.00. Am I on a deadlock here?
"The balance amount on the loan is $259,405.33. 20% of this amount will be $51,881.07 the lien will be release with no deficiency balance or 10% $25, 941.00 for lien release only."
Focus Receivables Management, LLC
Direct... (678) 228-0010
Fax... (678) 228-0018