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short sale

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villagerealty1@gmail.com

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Post Posted: Sat Nov 07, 2009 4:01 pm    Post subject: short sale
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1st mortgagee accepted short sale but 2nd will not accept what was offered by the 1st. 2nd charged off and passed the 2nd loan to a 3rd party. How can we get clear title?
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adonis




Joined: 22 Oct 2005



Posts: 10258
Location: ALASKA
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Post Posted: Sun Nov 08, 2009 11:44 pm    Post subject:
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Hi Guest,

As the loan was charged off, you won't be able to get a free title. You will have to contact the collection agency and pay off the dues or go for a settlement with them. You'll have to pay off according to the settlement.

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