My daughter sold her house under the 'short sale' guidelines. She had a second mortgage on the house. She was led to believe that when she was approved for the short sale that it included an approval by the second mortgage lender. Now she is being told that she owes a huge chunk of money. She was never given this information by her real estate agent. Shouldn't the second mortgage lender have approved of the short sale before the final closing? Does she have any recourse?
Orignal From: Isn't a second mortgage included in the approval process of a short sale?
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