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Updated almost 8 years ago,

Sandy Uhlmann's profile image
Sandy Uhlmann's profile image
Sandy Uhlmann
  • Investor
  • from Jefferson City, Missouri
  • Member since Apr 17, 2013
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309
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100
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Sandy Uhlmann's profile image
Sandy Uhlmann's profile image
Sandy Uhlmann
  • Investor
  • from Jefferson City, Missouri
  • Member since Apr 17, 2013
Connect
Sandy Uhlmann
  • Investor
  • Jefferson City, MO
100
Votes |
309
Posts
Tax Liens & Mortgage Notes

Second Lien Question-Short Sale

Sandy Uhlmann
  • Investor
  • Jefferson City, MO
Posted

If a property is being sold as a short sale, is the first lienholder/lender obligated to pay the second lienholder anything?  I had heard discussions that the first lienholder usually pays the second lienholder $3000 or so.  Is this correct or is this just a courtesy?

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