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Need help with Downey Savings and American General for Short sale

This is a topic titled Need help with Downey Savings and American General for Short sale made in the Home Mortgage section, belongs to our Mortgage Chat category; I am hoping someone there can help me. I have a rental property and am trying to do a short sale ( http://www.loansafe.org/forum/short-sale-outpost/ ) with ...








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Old October 14th, 2008, 02:31 PM   #1
Joel Fraser
Senior Member
 
Registered: May 2008
Posts: 907
Default Need help with Downey Savings and American General for Short sale

I am hoping someone there can help me. I have a rental property and am trying to do a short sale (http://www.zinomortgage.org/forum/short-sale-outpost/) with my lenders. My first loan is with Downey Savings. They will only allow $3000.00 to the second lender which is American General. American General says they must get $8000.00 in order to allow a short sale. I have a buyer for the home but can't get my two lenders to reach agreement. Please help!:mad:
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