What are some of the common reasons that a Seller would be denied the ability to perform a Short Sale. My Wife and I, had been waiting for 70 Days and just got this response on Friday. I was less than excited about the news and called the Bank. I found a young lady who was kind enough to review the file. She let me know that we were not the issue with the abrupt decline. The issue was on the sellers side. Shouldn't the sellers know whether their situation qualifies or not.
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The couple is getting divorced, the husband has moved out of the house. They have a law firm represnting them, and one would think that they would've advised them if they would qualify. I feel that marketing a home as a short sale is irresponsible and misleading. My wife and I, waited 70 days to figure out these folks don't have their ducks in a row.
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