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Question about shortsale.

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Anonymous
Not applicable

Question about shortsale.

Question: We did a shortsale in 06/2011. The buyer received the DEE on 6/28/11.  

In the court's records, SMO was recorded on 7/18/11. CLP was recorded on 10/5/11.

 

Mtg status is listed as over 120 days past due when the sale has been finalized and closed.  Bal = $0 Past due = $0.

 

Please explain. thanks.  

 

Message 1 of 3
2 REPLIES 2
Lel
Moderator Emeritus

Re: Question about shortsale.


@Anonymous wrote:

Question: We did a shortsale in 06/2011. The buyer received the DEE on 6/28/11.  

In the court's records, SMO was recorded on 7/18/11. CLP was recorded on 10/5/11.

 

Mtg status is listed as over 120 days past due when the sale has been finalized and closed.  Bal = $0 Past due = $0.

 

Please explain. thanks.  

 


I'm afraid I don't know the meanings of DEE, SMO, and CLP.  Can you provide the definitions?

 

And what exactly do you need to have explained?  The meaning of your mortgage status?

Message 2 of 3
Anonymous
Not applicable

Re: Question about shortsale.

DEE - warranty deed to buyer

 

SMO - satisfaction of mortgage

 

CLP - cancellation of lis pendens

 

Pay status: account 120 days past due

 

Date closed: 6/20/11

Message 3 of 3
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