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Qualifying for a Short Sale?

Posted on: 19th Nov, 2009 10:48 pm
How do we know that we Qualify for a Short Sale.
Hi williamsmth,

You'll have to write a hardship letter to the lender informing him about your present financial situation and the reason for which you want to short sale the property. The lender will judge your situation and decide whether or not he would approve your request. It is the lender's discretion to approve or not to approve your request.

Take care.
Posted on: 20th Nov, 2009 12:18 am


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Posted on: 20th Nov, 2009 12:53 am
Hi,

These all questions are really very appreciating as, for short sales there can be problem of foreclosure as negotiating a short sale with a lender can be complicated but it is easy to earn big profits with the short sales.

Thanks!
Posted on: 20th Nov, 2009 03:20 am
There are specific questions that must be answered in order to qualify for a Short Sale. I am a Certified Distressed Property Expert and represent seller in short sales in Hawaii. You can get a free report, and I will be happy to refer you to a CDPE agent in your area.
I hope that helps,

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Posted on: 21st Nov, 2009 02:39 pm
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