Just received a charming Christmas Eve short sale "decline" after patiently waiting since August 2012 for an approval.  Reason - "strategic default" - DECLINED.  



This loan is through the SchoolsFirst Federal Credit Union formerly the OCFTCU.  My seller had to relocate her mother and father to care for them as her mother was diagnosed with cancer early last year.  She and her parents purchased a home together where they live now.  She is $150,000 upside down on her existing home. …