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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
Don’t Overlook This When Buying an Investment Property—Learn From My Mistake
Let’s get one thing straight: Real estate investing isn’t a get-rich-quick scheme. If you think you can just waltz in and start raking in cash without a solid game plan, you’re setting yourself up for a financial face-plant.
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Foreclosures
HomeForumsForeclosuresSHORT-SALE GRIEF
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Foreclosures

SHORT-SALE GRIEF

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Posted Aug 3 2008, 11:02

I've put together a very complete and professional short-sale package, and sent copies with all docs to both the 1st and 2nd lien-holders (who are each big lenders). But my problem now is that both say that they cannot accept an offer until THE OTHER gives a commitment letter first. Nobody is willing to go first! What can I do?

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