Re: short sale question

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Posted by Mary - CA on July 15, 2009 at 10:40:14:

In Reply to: Re: short sale question posted by Ari Kumpis on July 14, 2009 at 14:55:41:

Thanks for the suggestion. The problem is that seller is not qualified for short sale. She's willing to pay the 2nd, but even if buyer took over payments on the 1st, the 1st alone is at least $60k over FMV, and there's no guarantee that she could pay off the 2nd when she had to give clear title at end of L/O.

I haven't been able to come up with a solution for her.

Thanks,

Mary

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