I am curious if anyone else has received the same letter I have attached stating that they decline the short sale and the borrower must pay the entire balance owed. Ocwen in 2nd position, loan amount is $65k, and the borrower is current on payments. I'm sure this has to do more with the fact the borrower is current more than anything. If you have received this letter has anyone been able to work around it and get the short sale approved? Thanks!
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I would cal the lady on the letter and just ask her why it was denied. It could very well be the fact that they are current.