Monthly Archives: April 2012

The Mortgage Insurance Monkey Wrench

We’ve all heard of banks declining short sales.  It happens every day.  But even when a lender approves a short sale, there may still be another hurdle to clear before the sale can close. Mortgage insurers may have to approve the sale, even after the lender has already done so.  Confused?  Let me explain. First, […]

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Two-mortgage home in Gated Community

This property languished on the market with 2 different real estate firms before my colleague and I got the listing.  It had 2 mortgages, both with New York Community Bank (formerly AmTrust).  The mortgage debt was nearly $500,000.  In addition, property taxes, homeowners association dues, and a homeowners association assessment were all successfully negotiated.

Posted in Closed Short Sales, Short Sale Info for Sellers | Comments closed