It is in all likelihood legit…. When you close escrow, where all the money went will be on the HUD report including which lender got what monies.
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Unfortunately I do not believe anyone has defrauded you in any manner.[/quote]
Thanks, SD Realtor, for the real world explanation and advice. I hope you’re right that the 2nd lender’s intentions are legit and everything will be on the HUD statement. Dealing with the seller’s agent (one of these “short sale experts”) has not always been easy during this past year so my mind went to the worst case scenario. I will know more on Monday morning but will try to keep positive until then.
As for the fraud issue…if the money paid to the 2nd lender is undisclosed, I believe that it’s the 1st lender that would be the party being defrauded, not me, and that they can cancel the sale or sue all parties for damages. I would be one of the bad guys under this scenario which is why my agent and I won’t be involved unless the money is fully disclosed to the 1st lender.
