Newb Question

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This may be a dumb question, but im trying to figure out this whole process and i haven’t been able to find the answer to this anywhere.
Does a property have to be in the foreclosure process for you to get a short sale package accepted?

Comments(1)

  • TheShortSalePro18th May, 2005

    99% of the time, a property would have to be in foreclosure before the mortgagee felt it necessary to consider any form of preemptive loss mitigation.

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