Loan Modification Forum - LoanSafe.org - View Single Post

BellR · 03-23-2009, 11:01 AM

I found out that our 1st mortgage with GMAC has been approved for a short sell. Now I am told I have to wait to see if they approve it for our 2nd mortgage. Both mortgages are with GMAC. Does anyone know if it is hard to get a 2nd mortgage approved after the 1st one is approved?
Thanks!

03-23-2009, 11:01 AM	#1 (permalink)
BellR Member Join Date: Mar 2009 Posts: 6 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	GMAC 2nd mortgage question I found out that our 1st mortgage with GMAC has been approved for a short sell. Now I am told I have to wait to see if they approve it for our 2nd mortgage. Both mortgages are with GMAC. Does anyone know if it is hard to get a 2nd mortgage approved after the 1st one is approved? Thanks!