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Still playing games with the short sale.  Both banks have agreed to let the sale go through.  Bank#1 is getting paid in full.  Bank#2 has come up with 2 figures - one amount is the minimum they need to get to let the short sale go through.  That one is met by both offers.  The second is the amount that they want to get out of the transaction so that they'll forgive the rest of the balance owed.  That's *not* met.  *sigh*  Our realtor talked to both of the other realtors, and neither of the buyers are willing to cough up the difference.  As I understand it, their lenders would probably not agree anyway, as that would then be somewhat above the amount the house can currently be appraised at.  Now we need to try to find some money lying around that we can give Bank#2 to meet that second figure.  Otherwise our options are let the foreclosure sale happen in October (Bank#1 gets whatever proceeds, Bank#2 gets ?what? certainly not what we're currently offering them) or let the short sale happen and continue to get hounded by Bank#2 for the outstanding balance of the mortgage (not for the difference between the two figures, but a much higher amount).  *SIGH*  Can this be over yet?

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( 1 comment — Leave a comment )
amomandagirl
Sep. 2nd, 2009 05:12 am (UTC)
Arggh!
( 1 comment — Leave a comment )

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ranch101
ranch101

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