Bank Stated House Must Be listed??
I am working with a HO and trying to perform a short with Guaranty Bank, but they stated since the house has not / is not listed they can not accept a short sale offer.
They stated because the loan was backed by Fannie Mae and had Private Mortgage Insurance they had specific, strict guidelines to follow and that the house would neet to be on the market for a couple of months prior??
Does this make any sense? Should I just get a realtor friend to list the house? How do I work this quickly? The auction in next Tuesday?
Thanks,
TAB 
It's probably too late on this one. Not a chance for the lender's due diligence, and they probably won't stop the auction without a concrete, and confirmed Proposal.
If the auction is postponed, rethink. If the Seller has a right of redemption, rethink.