Prepared and researched by Oscar Morante of BestShortSales.com. Bank did not accept my offer, which was very sensible. They foreclosed and now the bank will loose all principal and have to pay to sell the property or get in turn foreclosed by senior lien. I will re-start negotiations with the bank once title is cleaned.
95% discount is common for 2nd position loans, which is what this video is describing. 1st position loans want to net 82% or more of the market value in its current condition. junior loans lose everything in a foreclosure, so 5% is better than nothing. i've done it.
xtarka 4 years ago
hahahahaha 95% discount, You have some audacity boy.
clearly01 4 years ago