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I’m not in Foreclosure, and have not missed any payments. Can a short-sale be negotiated on my behalf?

April 26, 2017behalf foreclosure I’m missed negotiated PAYMENTS

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I’m not in Foreclosure, and have not missed any payments. Can a short-sale be negotiated on my behalf?

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At one time (not too long ago), most lenders wanted you to be in default (missed one or more payments) before they were willing to consider a short sale. This trend has almost altogether reversed. Today, lenders are looking for verifiable hardship, monthly cash flow shortfall, or pending shortfall and insolvency. In other words, if you feel that your home is about to make you insolvent, start negotiating for a short sale now! The more time we have to market your home, the better the chances that a lender will approve a short sale package.