par5n3
Joined: 29 Aug 2007
Posts: 2
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| Posted: Wed Feb 20, 2008 3:00 pm Post subject: Taxes and Foreclosures |
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Quick History:
-Put our house up for sale two years ago (reduced it down many times)
-Moved to another house.
-Finally called Citi Mortgage and told them I want to do a Deed in Lui as I could not afford to pay the house.
-Appraised for 495K owe 392K on first, 45 on 2nd.
-The Mortgage officers told me I should try to short sale the house.
-Called many folks for the next 3-5 months.
-Finally got someone who was interested call Citi back and gave the number,
name for the person to contact interested in short sale.
-Short sale guy called me for the next 5 days and Citi never called him.
-Called Citi back and was told house was REO bought.
That was over 13 months ago since this started, now I am getting
taxes owed on the house and threatening collection to collect the 2nd mortgage.
I assumed the 2nd would be paid to release the lein, the house is back on the market for exactly the last price we ask for it.
Is this a correct process? |
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