Re: Its different

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Posted by nj guy on October 11, 2008 at 05:30:57:

In Reply to: Its different posted by Rich-CA on October 10, 2008 at 16:20:27:

Thanks for the comment.

So, if the lender can limit the money paid out then how would a 3rd party investor fit into a short sale when he does not BUY the property? On the HUD1 or off?

I ran into a couple deals where a 3rd party is negotiating the short. I suppose they will be buying the property themselves (at a discount) or receiving close to nothing as a 3rd party in the event the price isn't low enough. Not sure.

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