http://www.eastbayrealestate.com/sellers/east-bay-real-estate-short-salesthe-rest-of-jim-walbergs-story/ Fri, 21 Nov 2008 19:37:09 +0000 http://wordpress.org/?v=2.6.2 http://www.eastbayrealestate.com/sellers/east-bay-real-estate-short-salesthe-rest-of-jim-walbergs-story/#comment-377 Jim Walberg Mon, 25 Aug 2008 00:43:12 +0000 http://www.eastbayrealestate.com/?p=158#comment-377 Hey Jonathan, Thanks for checking in. You are correct...who is really taking the BIG hit on short sales and foreclosures is the second deed of trust holder. On our last short sale the 2nd ended up agreeing to a $2,000 pay off on an over $100,000 loan! YIKES! If someone is participating in a short sale, the seller and the lien holders face some very difficult decisions. I look forward to your next time checking in. Jim Hey Jonathan,
Thanks for checking in. You are correct…who is really taking the BIG hit on short sales and foreclosures is the second deed of trust holder. On our last short sale the 2nd ended up agreeing to a $2,000 pay off on an over $100,000 loan! YIKES! If someone is participating in a short sale, the seller and the lien holders face some very difficult decisions. I look forward to your next time checking in.
Jim

]]> http://www.eastbayrealestate.com/sellers/east-bay-real-estate-short-salesthe-rest-of-jim-walbergs-story/#comment-355 Jonathan Christopher Tue, 08 Jul 2008 01:28:51 +0000 http://www.eastbayrealestate.com/?p=158#comment-355 Many times I will go straight for the second lien holder and completely bypass the first. Second loans typically roll over and if there is enough equity it makes perfect sense. Great post. <a href="http://www.sellhouseamerica.com" rel="nofollow">Jon Christopher</a> Many times I will go straight for the second lien holder and completely bypass the first. Second loans typically roll over and if there is enough equity it makes perfect sense. Great post.
Jon Christopher

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