Kelly M wrote:Second mortgages are a real problem around here. Often
the first will accept a short sale that leaves the second hanging in the
wind. My son tried to buy a house that was listed as a pre approved
short sale. They went though the hoops and the first lein holder
accepted the offer but the second who had previously approved a short
sale price just sat on the paper work. In the end he backed out and
made an offer on another short sale in the same neighborhood.
This place is fully paid for, the previous owner was a local judge who
is currently suffering from terminal cancer. Right now we are
discussing some personal property such as a tractor that he wants to sell.