Great segment today. You said the second lienholder (Citifed) was owed $200,000 as a “charged off closed end second mortgage”. I didn’t realize the banks charged off seconds when the asset is still in the borrower’s name. When you guys talk about the specifics of the short sales you’re involved in, you provide invaluable information. Thanks for your help.
Kevin and Fred talk about how some realtors make the mistake of just focusing on one lender.
Great insight and information! Thanks fellas.
good information: I love the part about saving commission.
Shannon Coe
Great segment today. You said the second lienholder (Citifed) was owed $200,000 as a “charged off closed end second mortgage”. I didn’t realize the banks charged off seconds when the asset is still in the borrower’s name. When you guys talk about the specifics of the short sales you’re involved in, you provide invaluable information. Thanks for your help.
You have to love the fact that Fred pretends to not know the details of the story…”NO WAY! They countered back with three grand!”
PRICELESS
Great post!!