2nd mortgage

[Sue Wolfe]

I live here in Az Nw corner of Phoenix and we just moved here from Co Springs sold our house in 28 days after 38 showings, anyway we found a house and Wells Fargo Approval Demand Letter last Friday and selected a “drop dead date†of June 10. What we are waiting for is for the final approval on the owner’s 2nd mortgage and a signature, is this signature important and can we still close? We are so excited and anxious to get into this house my husband daughter and i! so wonder if we dont get a signature, what happens? Do they normally just write it off (the 2nd loan company not sure who it is with, we are guessing he got the loan after he moved into the house to get a pool but again we arent sure! If anyone could please answer this !
Thank You