IF its not in dealers name,red flag,,if lien isnt released on it,BIG red flag.

Still, I agree with you, I don't see how they have the right to know anything after they have released their interest.

Fannie Mae got in trouble because the government decided to "strongly persuade" lenders to extend loans to people with no money down, bad credit and job history.

As of the moment, I think a majority of the players have moved to 65% of ARV or lower, mainly to cover extended hold times.

Also, the right to speak does not extend to be the right to be heard.

In the case that the #'s dont workout with the lender but you have an end buyer who is close or on the money that the lender will accept I try to sell my option and file a release of option. i have found if you add this fee on the end buyers hud it works really well.

You can choose whether to do business with me but I alone decide when to release my SS# and to whom."

(still easy to do even in this market) lease it out at $1200........make the t/b pay for upkeep minus 'Major' repair.........which you will have extended home warranty for........

what you will need for sure is: Authorization to release Purchase contract estimated HUD1 POF letter hardship letter some bank statements typically last 2 yrs tax returns financial worksheet (sometimes the banks version) close her on the idea of letting you short it and find out what banks 1st and or 2nd(if she's got a second) and I'll tell you exactly what you'll need for those banks.

Otherwise, you'll have to deal with a partial release on this new loan.You say they're on two lots.