Do we have a leg to stand on to have holder of funds give partial dispursement to both parties due to fraudulent handling of earnest money and ammendment?

9 month negotiation - 3 bpos - crappy attorney negotiator -- brought $2800 for second lender - lost 3 buyers - had two extensions on first - miner issues at closings and finally double closed$26,000 net profitShort sales are not for the weak of heart, but if you can persevere, certainly worth it.I get a kick out of agents who say we "hold up properties" - ummmm, YES I DO, and we also get it done.Sellers were PSYCHED to stay in house extra time, end buyers were PSYCHED they got a house about 10% under market value, both buyers and sellers agent psyched.Here's my visa commercialHouse cleanout: $200Payment to second lender to get deal done: $2800Smokes and water certs: $100Happiness for all parties involved in same day closings: PRICELESS :D

The lenders never go on title as a lien holder.

When it exceeds a set level, or at a set date in the future (whichever comes first), the mortgage holder has to start paying the fully amortizing payment of the now much larger mortgage.

Now, even if it spelled out in the contract that the loan is secured by the property, I assume that it was formed as a 2nd which means, it doesn't change the 1st note holder position as a first in line.

Put yourself on the title as a lien holder and sell it to them.

If the lien holder accepts 15K then we made another 6K on the back end of the deal.

I've always used a good EA, but she's not much help when I have questions or need input on strategic tax planning vis-a-vis my properties, so I need your guy!

When private lenders lend money they are always the first and only position lien holder on that piece of property so honestly I dont see how this small sum of money will help anyone.

Have they approached the holder of the 1st mtg?