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Current Foreclosure Discussion Foreclosures Discussion Archive 2



Re: quick answer



Posted by theshortsalepro on June 26, 2002 at 07:29:03:

In Reply to: short sale quick question posted by Derek on June 25, 2002 at 22:10:19:

Though each mortgagee sets it's own criteria for short sale...

At a minimum, they'll want to know 1) the approximate amount of the sale's proceeds that will be used to offset the mortgage debt (an estimated HUD 1), and 2) the Seller's financial statement


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