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Posted by Melissa Martin on July 07, 2009 at 14:54:31:
In Reply to: Need information posted by Melissa Martin on July 01, 2009 at 14:55:11:
I got a letter back from the bank in reguards to the short sale, Can someone help me understand What the bank is asking for. with this statement
Bank must be in receipt of fullly excuted balloon promissory note signed be myself, or the short sale approval letter is void. Said note atttached to this approval letter. Clsoing agent to forward original promissory note along with proceeds check and HUD upon closing. Closing agent to complete notary sectionof promissory note and obtail signatures.
Why does the bank want the origingl promissory note on the second morg. This loan is a 80 20 loan.