mortgage discounting

Monty profile photo

How complicated does a 'real' deal get when you negotiate a 'short sale' with a lender?

The process is easy enough to understand.....is it really just a matter of securing an agreement with the owner, then negotiating the price with the loss mitigation rep at the bank?

Question 2: How open are the lenders to discounting the mortgage usually?
(1 out of 100 request,....1 out of 10 deals?..etc) wink

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