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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.
@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?
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