Re: To Short Sale or Not To Short Sale

Posted by NJDave on April 30, 2008 at 04:56:55:

In Reply to: To Short Sale or Not To Short Sale posted by Cat on April 29, 2008 at 17:23:32:

"But, what about a short sale? If the Primary Lender agrees to the Short Sale, can the 2nd say no?"

Before you can 'sell short' you must have both mortgagee's permission/approval. Permission comes only after you make a formal application, your request is reviewed, and the lender(s)decide if accepting less is in their best, financial interest.

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