WHAT'S THE MINIMUM LTV THAT JUSTIFIES A SHORTSALE?
Hello, Does anybody have an opinion of what's the minimal LTV in which one must seek a short-sale from the lender? In other words, will a lender accept a short sale when it is at 75%-85% LTV? Thanks! Julio
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Depends on what the lender thinks the house is worth.
Tom
Anything is possible. It also depends on how bad they want to get rid of the property.