Who are the lien holders?

Hello AdamGlad to have another buy and holder in the group.

I believe that this is one of the few places I can come and be highly likely to find people of this caliber.As for the times, I am glad we are having this discussion over the internetbecause high spirited people are more effective and successful when there is a bit of time lag between thought and deed (as the wind up of this thread has proven).One of the things that I remember the most from a family history I read concerning my surname in the SOuth of the US in the 1700's and 1800's.In my family line, for more than one generation of land holders and tenants alike, practically every adult male died by gunshot wound in a duel or by gunshot wound inflicted by the family member of the loser in a duel.Now a days we return to civility with a "guys".

In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount.

Does anyone have experience negotiating a short sale in which the second note holder is a personal note (i.e. not a financial institution).We've reached an agreement with the bank, but the person who holds the second note has rejected our offer.

If I hold the certificate for longer than the redemption period, and file for foreclosure, do the positions of the mortgagees and other lien holders basically get wiped out?

I've got the note all done except for a few lines or paragraph which would state that the borrower would hold the note holder harmless in the event that the note holders primary conventional loan maker were to discover that title had passed and demanded payment in full.

She was told that the secondary lein holder held an auction a week prior to the auction where I got the house.

It is not up to you to waive their obligation to pay back their original lien holders.

Is that the amount that the owner needs to come in with to pay off the original mortgage holder?