Short Sale Experiences

[temeculaguy]

Thread hijack alert

I just realized we are ten days from the start of pre season. I thought about it with your comment about the “itch.” I have two weekends left before shutting down for 6 months. In the back of my mind I think that is why I have been getting anxious. I am in a sports doldrum, I will be all better soon. Sunday, August 3rd, the NFL returns to T.V. and I will be cured. I just got rid of the latest love interest as well, unknowingly because I need my Sundays and Mondays free. My god, I have a twelve month male menstruation cycle that revolves around football, I have PNS, Pre Nfl Syndrome.

[Eugene]

I don’t know exactly why the previous escrow crashed, but I don’t think it was because of Recon. I’ll ask. There’s something interesting going on – I know that the house has been lowered on 5/24 and it already managed to fall out of escrow. It suggests lightning-quick turnaround time by your standards. It was scheduled for foreclosure today, the bank has postponed the auction by one month.

[Eugene]

I don’t know exactly why the previous escrow crashed, but I don’t think it was because of Recon. I’ll ask. There’s something interesting going on – I know that the house has been lowered on 5/24 and it already managed to fall out of escrow. It suggests lightning-quick turnaround time by your standards. It was scheduled for foreclosure today, the bank has postponed the auction by one month.

[Eugene]

I don’t know exactly why the previous escrow crashed, but I don’t think it was because of Recon. I’ll ask. There’s something interesting going on – I know that the house has been lowered on 5/24 and it already managed to fall out of escrow. It suggests lightning-quick turnaround time by your standards. It was scheduled for foreclosure today, the bank has postponed the auction by one month.

[Eugene]

I don’t know exactly why the previous escrow crashed, but I don’t think it was because of Recon. I’ll ask. There’s something interesting going on – I know that the house has been lowered on 5/24 and it already managed to fall out of escrow. It suggests lightning-quick turnaround time by your standards. It was scheduled for foreclosure today, the bank has postponed the auction by one month.

[Eugene]

I don’t know exactly why the previous escrow crashed, but I don’t think it was because of Recon. I’ll ask. There’s something interesting going on – I know that the house has been lowered on 5/24 and it already managed to fall out of escrow. It suggests lightning-quick turnaround time by your standards. It was scheduled for foreclosure today, the bank has postponed the auction by one month.

[Aecetia]

That explains it all. Thank God for football. Most of the shows stink. It will be a nice diversion while we wait for the second half of the mortgage melt down.

[Aecetia]

That explains it all. Thank God for football. Most of the shows stink. It will be a nice diversion while we wait for the second half of the mortgage melt down.

[Aecetia]

That explains it all. Thank God for football. Most of the shows stink. It will be a nice diversion while we wait for the second half of the mortgage melt down.

[Aecetia]

That explains it all. Thank God for football. Most of the shows stink. It will be a nice diversion while we wait for the second half of the mortgage melt down.

[Aecetia]

That explains it all. Thank God for football. Most of the shows stink. It will be a nice diversion while we wait for the second half of the mortgage melt down.

[ucodegen]

Another situation that people need to watch out for is the way in which a lender releases the lien. In some cases the lender will accept the short sale AND release the owner from the deficiency and in other cases the lender will accept the short sale BUT they will ask the owner to sign a new note that is basically unsecured but does obligate the owner to repay the deficiency.

I am a little surprised that this is happening. If the mortgage is not a first, then it is recourse.. which means that banks can go after the previous owner on a deficiency judgement. The banks only have to either threaten to push for or push for foreclosure to break the logjam.

They might also be able to take the approach of a version of reduced deficiency for keys..

[ucodegen]

Another situation that people need to watch out for is the way in which a lender releases the lien. In some cases the lender will accept the short sale AND release the owner from the deficiency and in other cases the lender will accept the short sale BUT they will ask the owner to sign a new note that is basically unsecured but does obligate the owner to repay the deficiency.

I am a little surprised that this is happening. If the mortgage is not a first, then it is recourse.. which means that banks can go after the previous owner on a deficiency judgement. The banks only have to either threaten to push for or push for foreclosure to break the logjam.

They might also be able to take the approach of a version of reduced deficiency for keys..

[ucodegen]

Another situation that people need to watch out for is the way in which a lender releases the lien. In some cases the lender will accept the short sale AND release the owner from the deficiency and in other cases the lender will accept the short sale BUT they will ask the owner to sign a new note that is basically unsecured but does obligate the owner to repay the deficiency.

I am a little surprised that this is happening. If the mortgage is not a first, then it is recourse.. which means that banks can go after the previous owner on a deficiency judgement. The banks only have to either threaten to push for or push for foreclosure to break the logjam.

They might also be able to take the approach of a version of reduced deficiency for keys..

[ucodegen]

Another situation that people need to watch out for is the way in which a lender releases the lien. In some cases the lender will accept the short sale AND release the owner from the deficiency and in other cases the lender will accept the short sale BUT they will ask the owner to sign a new note that is basically unsecured but does obligate the owner to repay the deficiency.

I am a little surprised that this is happening. If the mortgage is not a first, then it is recourse.. which means that banks can go after the previous owner on a deficiency judgement. The banks only have to either threaten to push for or push for foreclosure to break the logjam.

They might also be able to take the approach of a version of reduced deficiency for keys..

[Author]

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