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Author Topic: 2nd lien and BK  (Read 4830 times)

Offline grandoak

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2nd lien and BK
« on: October 17, 2003, 05:42:14 pm »
I am working on a short sale for the 1st (foreclosed) and 2nd lien holders.  I negotiate with the 2nd and reach an agreement for payoff but the sellers file for bankruptcy now.  Can anybody tell me if I still can do a ss with the 1st?  How do I approach the foreclosure trustee and present him with the offer if I can get discount with the 1st?   Thanks for any help.

 




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