The first lien holder ia approved but the second is Wells Fargo and the first will give $3000 to the second but wait that won't work! Wells Fargo wants 10% on the owed second! Yes it is true, sometimes they will accept a promisory note from the seller, but if the seller truely has a hardship that can be impossible. So then it is up to the buyer well, that usually won't fly either. Just a heads up for buyer agents and Short Sales.
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