| short sale instead of foreclosure.
Here's my story, if the moderator can do better, then let me know and I'll call your office. This is concerning an investment home that has been on the market for over a year. I bought it for 229k, last BPO was at 78K.
The bank appoved for a DIL but somebody placed a cash offer for 75K. There is a second attached to it. Here's is the deal the bank offered.
5K to settle the second (I owe 22k) and 15K to settle the first. They will report it as "Account paid in full for less than full balance". Also this is w/o recourse from the bank. Is this fair enough?
usaims |