The sellers were approved for a Trial Loan mod in 2013. They decided it was not in their best interest to do the loan mod and stopped making payments and applied for the short sale.
The servicer Quicken Loan, took the short sale application, the borrowers sent in a finanical form and the servicer filed a variance which was denied by FHA, apparently on paper it looks like they can afford the loan mod, however, they do want the loan mod.
What can we do to get this short sale pushed through? The foreclosure has been Motioned for entry onto the docket. They will get foreclosed on if we don't get the short sale going.
Should we wait a few weeks and submit a new financial with more supportive cash flow for a short sale?
Any other ideas are appreciated!
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