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ACI/Citimortgage-GH
First mortgage paid $6,000 to ACI/Citimortgage mortgage to settle the second mortgage. Seller did not have to pay anything to settle the debt to the second mortgage.
Wavier of Deficiency! Bank will forgive the remaining debt! No further legal collection action.
Aurora paid Realtor’s commissions of $6,846. Seller did not have to pay Realtors' commissions.
Seller did not have to pay anything and did not have to sign a promissory note.
Seller owed $315,000 to Aurora Bank and ACI/Citimortgage, home was sold for $114,100.
Saved Seller $200,900 in negative equity.
The First Mortgage, Aurora Bank paid Buyer's closing costs of $3,400.
We got the Seller $3,000 in relocationmoney!