What qualifies a property for a short sale?
Posted by Tom on December 30, 2006 at 01:40:45:
I've read many post stating that a short sale is the best option for a property in default with no equity and the homeowner still in hardship. What if the property had 10% or 20% equity? If the homeowner is still in hardship are lenders likely to accept a short sale? With 10 to 20% equity, that's not enough to refinance into a hard money loan.
Follow Ups:
- Re: What qualifies a property for a short sale? - joe green 15:11:30 12/30/06
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- Re: What qualifies a property for a short sale? - Tom 11:12:01 12/31/06
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- Re: What qualifies a property for a short sale? - NJDave 04:03:17 12/30/06
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- Re: What qualifies a property for a short sale? - steele in minnesota 14:07:10 12/31/06
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- Re: What qualifies a property for a short sale? - Diane 00:21:10 01/01/07
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- Re: What qualifies a property for a short sale? - steele in minnesota 10:09:39 01/01/07
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- Re: What qualifies a property for a short sale? - NJD 07:57:57 01/01/07
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