Foreclosures Discussion Archive 16

Re: Short sale in MN

Posted by kate on February 21, 2006 at 15:17:15:

In Reply to: Re: Short sale in MN posted by NJDave on February 21, 2006 at 15:05:20:

: If anticpated proceeds from the sale aren't enough to: payoff the first, and second... they might accept less: than they are due....

I owe about $205k. So, If I could sell it for $90, the bank might accept that? Do they give peramaters, or would I just bring in offers as they come in?

Thank you.

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: : If anticpated proceeds from the sale aren't enough to

: : payoff the first, and second... they might accept less

: : than they are due....
: I owe about $205k.  So, If I could sell it for $90, the bank might accept that?  Do they give peramaters, or would I just bring in offers as they come in?
: Thank you.


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