Does anyone have an inside scoop on what is going on with the 2nd lien holders on short sale transactions? I have been seeing several in the last 90 days or so that are becoming increasingly unwilling to work with the seller by demanding more money than what is on the approval. Even if they are from the same investor as the first.
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Unfortunately, I have been seeing this a lot lately as well. I just wish there was some magical way to make everyone agree...instead, it takes hours of negotiating and convincing and biting nails... :)
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