Posted on: 26th Jan, 2010 09:31 am
i have received tentative approval from my primary lender to go through with a short sale and after 90 days if this fails they will accept a deed in lieu. however, my second mortgage company will not discuss a short sale or dil with me-they tell me that once primary lender agrees they will discuss. primary lender told me to contact secondary and get a settlement agreement with them. i am lost..................how can i get to the bottom of this>??? any advice greatly appreciated!!
Hi Wanda,
Did you inform the second lender that your first lender had agreed for a short sale? If not, then you should inform the second lender about it. Once he knows it, he may be ready to negotiate with you and give his terms and conditions for a settlement agreement.
Thanks
Did you inform the second lender that your first lender had agreed for a short sale? If not, then you should inform the second lender about it. Once he knows it, he may be ready to negotiate with you and give his terms and conditions for a settlement agreement.
Thanks