Comments on: A Short on the Short http://coralgablesmiamihomes.wordpress.com/2008/01/13/a-short-on-the-short/ Urban Living Trends & Real Estate Developments Sun, 07 Sep 2008 17:28:41 +0000 http://wordpress.org/?v=MU hourly 1 By: Jean-Paul http://coralgablesmiamihomes.wordpress.com/2008/01/13/a-short-on-the-short/#comment-5884 Jean-Paul Sun, 11 May 2008 21:44:11 +0000 http://coralgablesmiamihomes.wordpress.com/2008/01/13/a-short-on-the-short/#comment-5884 What if the first is with Countrywide and the second is a line of credit with B of A? They are not merged yet but I think it is inevitable. Thanks...JP What if the first is with Countrywide and the second is a line of credit with B of A? They are not merged yet but I think it is inevitable. Thanks…JP

]]> By: Chantal in Orlando http://coralgablesmiamihomes.wordpress.com/2008/01/13/a-short-on-the-short/#comment-5768 Chantal in Orlando Sat, 19 Jan 2008 19:13:02 +0000 http://coralgablesmiamihomes.wordpress.com/2008/01/13/a-short-on-the-short/#comment-5768 Great article....but something to keep in mind on a short sale. If you have two different lenders (ie a second loan), make sure they are from the same bank. For example, primary loan is with countrywide and secondary loan is with countrywide. The reason for this is that more than likely the seconary lender will not work with you on the short sale. Reason: Simple, they won't be getting back any of their money. The primary may want to work with you...but without the secondary loan your home will not be sold through a short sale. Great article….but something to keep in mind on a short sale. If you have two different lenders (ie a second loan), make sure they are from the same bank. For example, primary loan is with countrywide and secondary loan is with countrywide.

The reason for this is that more than likely the seconary lender will not work with you on the short sale. Reason: Simple, they won’t be getting back any of their money.

The primary may want to work with you…but without the secondary loan your home will not be sold through a short sale.

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