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Updated over 16 years ago on . Most recent reply

Art Marzan's profile image
Art Marzan's profile image
Art Marzan
  • Accountant
  • from las vegas, NV
  • Member since May 20, 2008
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Art Marzan's profile image
Art Marzan's profile image
Art Marzan
  • Accountant
  • from las vegas, NV
  • Member since May 20, 2008
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Art Marzan
  • Accountant
  • las vegas, NV
0
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Foreclosures

short sale..

Art Marzan
  • Accountant
  • las vegas, NV
Posted

A family member is in hardship and considering a short sale.
First loan from ASC is $271162.40 and second loan is from Ocwen
at $68,126.28. I would like to bail him out and is willing to pay 76%
of $340,000 balance. What are the procedures? Will he still be liable for
the 24% defeciency?

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