Quote:
Originally Posted by Rick Lee
Fint, a lot of banks view first and second liens as totally separate, even if they're held by the same bank. BTDT!
On your first case it sounds like the guy bought the place at the courthouse steps or had some connection with the bank to snag it quickly and spare the realtor commissions. Did you offer cash or need financing? I've lost a few deals to lower bidders because they were paying cash.
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I had preapproved financing with a large down payment...but not cash.
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