Yes. Many of the short sales that we complete for our clients have not only multiple mortgages, but are often encumbered by liens and judgments as well. However, additional encumbrances create additional challenges to the successful completion of the short sale. Every additional challenge serves to protract the entire process. At the end of the day, every entity with a claim against the property has to be either fully satisfied or agree to a compromise in order to close the deal.
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