I have a short sale selling homeowner who finds himself an involuntary guest of the state. Looks like he may be there for the foreseeable future, likely to be years not months. He has a conventional FNMA mortgage (and a second mortgage), both with First Franklin.
I anticipate and can handle the logistic complications of getting docs signed, etc. but wonder if anyone has had a similar experience with a locked up-seller. What, if any, impact would that key fact have on the short sale approval criteria?