Sunday, July 10, 2011

Non hardship short sales?

Are any Realtors seeing banks accepting non-hardship related short sales being accepted? Specifically if there is no other reason other than the seller being upside down in their loan? I know they'll sometimes do it if someone is being transferred, loses job, or a divorce, but is anyone seeing them being done when sellers are current on their mortgage? Wanting to know if they're still only approving short sales for those who are at least 3 months behind and can prove hardship? So many people upside down but still current on their payments, but need to short sale. Any banks approving this type of short sale and still letting the seller walk away without owing on the difference? If so, how are these being done? Thanks for your help/advice.

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