Retired Short Sale seller is moving across the country, has a Green Tree first loan. Will not be late on payments but has to sell below loan amount. Had refinanced about 5 years ago so got his equity out.
Can't sell his property at current list price so may have to do a short sale. My concerns are: 1) will a lender let him purchase with a new conventional or VA loan following this short sale since it is an out of state move (not a work transfer) and payments are current and 2) will GreenTree be cooperative in this short sale since he had refi'd and gotten equity out. Our AZproperty market value increases are slow.