I'm working on short sale but the property has two mortgages, the second lien is a private holder that is not willing to make too much concession and want to protect their interest. have anyone deal with this issue.

I wanted to know the best way to structure an offer to the bank (before the BPO is ordered) for a Short Sale. Here is an example:

1st loan balance: $600,000 (Bank of Amer.)
2nd loan balance: $200,000 (Wells Fargo)
...

Im currently working on my first short sale, but was curious what happens to the mortgage insurance on a loan that goes through a short sale? I intend to get something in writing from the bank that releases the homeo...

I like this property in my area. It is subject to short sale approval and it needs a lot of work. It is on the market for $199k, down from $329k. There is an $80k Home Equity Loan in first position, then a $175k an...

I have a few rentals in a town with a population of 75,000. Their primary industry is a military base and a massive hospital (this is Temple, TX). I have a tenant who is relocating to a Dallas hospital and his lease w...

Hypothetically - I was just diagnosed with a terminal illness. I have exactly 2 years to live and only $50k to my name. I want to swing for the fences (I don't care if I lose it all) on 1 last investment. I know it ma...

I have a deal where the best way for me to buy the house would be to convince the homeowner to do a short-sale and then give him a "consulting fee" afterwards.
How would I do this exactly? Would I write up a Bill of ...

Hi,

I own a few rental properties. Ended up short selling one of the homes in AZ March of 2012. Had great credit history and score before the short sale.

Are their loans that I can still qualify for? I was told that...

We are upside down on our home in maryland. We owe about $475,000 but our house is valued at about $445,000 ~ $455,000 (on a regular sale). We bought it for $530,000 in 2007.
We are current on our payments but we are ...

Thanks for reading! My current Townhouse is going up for Short Sale in a few days. I have already set a goal for myself to have my first investment property by the end of the year, but now I also need a residence :)I ...