0
Freddie Mac typically allows junior lien holders to receive a payoff of up to 6% of the unpaid balance of the junior lien, with a maximum cap that may vary based on the specific circumstances of the short sale. This amount is intended to incentivize junior lien holders to agree to the short sale and release their lien on the property. However, the final decision can depend on the property's value, the first lien holder's approval, and other factors related to the short sale process. Always consult the latest guidelines or a real estate professional for specific cases.
What else can I help you with?
Can you short sale your house to your spouse?
A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.
What is the difference between a foreclosure and short sale?
A foreclosure is the surrender of the property to the lien holder for nonpayment of the debt. A short sale is the sale of the property before the completion of the foreclosure in an attempt by the home buyer and the lender to avoid foreclosure proceedings.
Can second mortgage lien holder foreclose on your home after bankruptcy is closed?
The short answer is yes they can because once the bankruptcy is discharged you no longer are protected for debtors who wish to collect on a debt.
How do you get a loan to pay off your debt without having someone cosign?
you can always get short term loans or try high intrest ones usually all they would have to do is to make sure your a resident and approve you.
How does a bank research income to approve a short sale of a property?
A bank can look at someone's direct deposit for their salary and do a calculation for an approximate of how much they make a year. They can further this by calculating their average expenses and work that total together.
Can you short sale your house to your spouse?
A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.
What is Freddie short for in iCarly?
fredward
What is Jr?
short for junior
When did suffix JR come into use?
Short form for Junior
What is mhjc?
Mhjc is short for Mission Heights Junior College
What is knee tool holder?
knee tool holder is used for turning combined with drilling, boring and centring on short pieces.
What did Spencer and Freddie sign say after it short circuted?
P e e on Carl
Where were US swimming junior nationals in 1991?
The long course junior nationals were in tuscalosa, alabama. Not sure about short course that year
How do you use sanction in a short sentence?
Many leaders did not approve of or sanction the civil war.
What is A Junior Colt Cal. . 22 Short serial?
No serial number provided.
What actors and actresses appeared in Captain Junior - 1914?
The cast of Captain Junior - 1914 includes: Harry Keenan Gertrude Short Margaret Thompson
Who is Freddie Prinze jr?
He is the only child of The Late actor/comedian Freddie Prinze, who had the lead role in the short-lived comedy/drama Chico & The Man, which also starred the late Jack Albertson.
