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 after the sale?
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Depends on who is backing the loan and other criteria.
Feel free to reach out to me 310 564 6389.
www.ishortsalenow.com
brett@ishortsalenow.com