Hey Guys Happy New Year. hope this year starts with a bang for everybody in this forum.
I need some help neg a deal with Franklin Credit.
I am currently in the process doing a short for a client here in NY.
They have 2 loans on the property 1st (Owen) ND Franklin Credit.
I offered 310K to the banks Owen offer to pay the 2nd 5K and the decline.
and counter me with 29,900K. The 1st refused and the 2nd is not interested in less that what they are asking for.
I have a client in NY looking to do a short sale on his house... he is not late on his mortgage. however, he caem with a question I don't have answer for... " how do you go about doing a short refi with the bank? and does all the banks do it... is it a gov't program?