Q - WE'VE FAXED EVERYTHING THEY SAID THEY NEEDED. SHE NOW ASKED IF THERE WERE OTHER LIENS AND I SAID YES AND THEY ARE BEING RELEASED, SO SHE WANTS COPIES OF THE RELEASES.
NOW, THE 2nd MORTGAGE IS GETTING $1,200 FROM $10,000, THE 3rd IS TAKING $1,000 FROM $20,000 AND THE 4th LIEN IS GETTING $1,600 FROM $6,800.
THE LETTERS WILL REFLECT THOSE NUMBERS. I'LL HOLD OFF IN SENDING HER ANYTHING UNTIL I HEAR FROM YOU.
A - I wouldn't get her copies of the releases, I would tell her that given the short time frame you are negotiating with all the lenders and you have offers of these on the table with all the junior lien holders. I wouldn't show the actual releases. Too much information