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jpinpb.
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August 4, 2008 at 6:45 PM #252606August 4, 2008 at 9:09 PM #252398
NotCranky
ParticipantJP, I was being sarcastic based on the MO of the people involved, not the numbers. You’re right, it probably wouldn’t be easy to scam this situation.
August 4, 2008 at 9:09 PM #252563ParticipantJP, I was being sarcastic based on the MO of the people involved, not the numbers. You’re right, it probably wouldn’t be easy to scam this situation.
August 4, 2008 at 9:09 PM #252572ParticipantJP, I was being sarcastic based on the MO of the people involved, not the numbers. You’re right, it probably wouldn’t be easy to scam this situation.
August 4, 2008 at 9:09 PM #252630ParticipantJP, I was being sarcastic based on the MO of the people involved, not the numbers. You’re right, it probably wouldn’t be easy to scam this situation.
August 4, 2008 at 9:09 PM #252634ParticipantJP, I was being sarcastic based on the MO of the people involved, not the numbers. You’re right, it probably wouldn’t be easy to scam this situation.
August 4, 2008 at 9:16 PM #252403jpinpb
ParticipantIf I were a first, why would I agree to take a major loss when I can foreclose and take a smaller loss?
August 4, 2008 at 9:16 PM #252568ParticipantIf I were a first, why would I agree to take a major loss when I can foreclose and take a smaller loss?
August 4, 2008 at 9:16 PM #252577ParticipantIf I were a first, why would I agree to take a major loss when I can foreclose and take a smaller loss?
August 4, 2008 at 9:16 PM #252635ParticipantIf I were a first, why would I agree to take a major loss when I can foreclose and take a smaller loss?
August 4, 2008 at 9:16 PM #252639ParticipantIf I were a first, why would I agree to take a major loss when I can foreclose and take a smaller loss?
August 4, 2008 at 9:46 PM #252423ParticipantJP, I can’t tell if you are asking nostradamus because that is a question relevant to his post and mine.
I don’t know how an attempt of steering a short sale lowball would go. Obviously the seller couldn’t get too carried away or, as you say, a foreclosure would be in the works.
In reference to his question the lenders could try to cooperate if it were better than foreclosing but I don’t see a first holder being too generous, as in splitting the sales price by percentage of respective original loan money with a second, if the money isn’t there to cover the first. In this case the second could get a nominal amount instead of being wiped out by a foreclosure.
I haven’t reviewed this entire thread so I hope this is relevant? I really just wanted to smart off about the sellers!
August 4, 2008 at 9:46 PM #252588ParticipantJP, I can’t tell if you are asking nostradamus because that is a question relevant to his post and mine.
I don’t know how an attempt of steering a short sale lowball would go. Obviously the seller couldn’t get too carried away or, as you say, a foreclosure would be in the works.
In reference to his question the lenders could try to cooperate if it were better than foreclosing but I don’t see a first holder being too generous, as in splitting the sales price by percentage of respective original loan money with a second, if the money isn’t there to cover the first. In this case the second could get a nominal amount instead of being wiped out by a foreclosure.
I haven’t reviewed this entire thread so I hope this is relevant? I really just wanted to smart off about the sellers!
August 4, 2008 at 9:46 PM #252597ParticipantJP, I can’t tell if you are asking nostradamus because that is a question relevant to his post and mine.
I don’t know how an attempt of steering a short sale lowball would go. Obviously the seller couldn’t get too carried away or, as you say, a foreclosure would be in the works.
In reference to his question the lenders could try to cooperate if it were better than foreclosing but I don’t see a first holder being too generous, as in splitting the sales price by percentage of respective original loan money with a second, if the money isn’t there to cover the first. In this case the second could get a nominal amount instead of being wiped out by a foreclosure.
I haven’t reviewed this entire thread so I hope this is relevant? I really just wanted to smart off about the sellers!
August 4, 2008 at 9:46 PM #252655ParticipantJP, I can’t tell if you are asking nostradamus because that is a question relevant to his post and mine.
I don’t know how an attempt of steering a short sale lowball would go. Obviously the seller couldn’t get too carried away or, as you say, a foreclosure would be in the works.
In reference to his question the lenders could try to cooperate if it were better than foreclosing but I don’t see a first holder being too generous, as in splitting the sales price by percentage of respective original loan money with a second, if the money isn’t there to cover the first. In this case the second could get a nominal amount instead of being wiped out by a foreclosure.
I haven’t reviewed this entire thread so I hope this is relevant? I really just wanted to smart off about the sellers!
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