MeLisa Minter's Blog (1)

Should we Settle or Short Sale?

Hello Specialists,

I have a new client that has a 1st with Ocwen and 2nd with Wells Fargo. His situation is so convoluted, it would take me hours to explain.

So the long and short of it is, in 2004 his property was valued at $600K per tax. Today, it is valued at $325K. He went through major medical problems and has filed bankruptcy. Now Ocwen has a sale date of 7/5/10. He wants to offer them a settlement amount of $200K. He has already offered Wells $18K on their $44K…


Added by MeLisa Minter on May 18, 2010 at 10:13am — 5 Comments

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