Real estate blog entries tagged with short sale by Cheryl Johnson, Bob Taylor Properties, Inc., Los Angeles, CA

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Home : Blogs : Cheryl Johnson : CJ's Blog : Tag "short sale"

short sale: Short Sale Woes: First mortgage holder approves; second mortgage holder procrastinates - 10/08/09 07:01 AM

One of our associates is representing a buyer in a short sale where both a first and a second mortgage holder must approve the sale. The existing first and second mortgages are held by different banks, and as sometimes happens, the first and the second are completely out of sync with each other.
The listing agent completed a thorough, detailed short sale package and submitted it to both mortgage holders.
The first mortgage holder approved the package promptly. The second mortgage holder, Bank of America (need I say more?!), just didn't get around to it.
Bank of America procrastinated, and procrastinated, and by the … (3 comments)

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Cheryl Johnson

Highland Park, CA

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Cheryl Johnson, Bob Taylor Properties, Inc., Los Angeles, CA

Address: 5526 N. Figueroa Street, Los Angeles, CA, 90042

Office Phone: (323) 257-1080

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