Share 'Does qualifying for a hardship gaurantee debt forgiveness?'
I have a distressed homeowner who is interested in selling his home to me as a shortsale. He is upside down on his mortgage and has experienced financial hardship. (Lost job.) Yet he does not live in the residence, it is not his primary home. Will this disqualify him from a shortsale?
If his hardship does qualify him with his lender, does this mean they will automatically forgive any deficiency a…
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