Short Sale Question
we are currently doing a short sale. the bank rejected our offer stating the original owners made enough income to pay for the house they the (owners) just choose not to make payments. which is true. Is there anthing else that can be done to push this sale through ? 
In any short sale proposal, you must quickly indentify to the mortgagee the benefit of accepting a short sale proposal. You must answer the question, "Why is it in their best financial interest to accept less than they are due..."
Then, back it up with irrefutible data in support of your Proposal. If you can't, it wasn't a good short sale candidate in the first place.
Re-examine the Seller's hardship. See if their application was reflective of their actual conditions... painting as gloomy a condition as possible. Adequate income to service the debt must be offset by extraordinary expenses... an ill parent, medical expenses, etc.
Though on it's face it doesn't appear to meet cursory short sale criteria (financial hardship), you may be able to acquire it using another technique.
[ Edited by TheShortSalePro on Date 01/28/2004 ]