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Posted by Susan Walski on September 25, 2012 at 3:23pm in Short Sale Discussions

I have a shortsale to do with Wells Fargo and it's a reverse mortgage. Has anyone here done one of these yet? Any tips?

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Michelle Adams September 25, 2012 at 3:27pm

They are pretty easy. Much less paperwork. the bank needs a letter of intent to sell the property. They require an appraisal and then an offer of about 95% of the appraised value. if the borrower is deceased it is even easier.

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