I have clients that have attempted to do a Deed in lieu but was rejected by investor. The property has a foreclosure sale date of Jan. 27th but the borrowers want to do a short sale. Is there any want to pull it out of foreclosure? I have successfully pulled other out but PNC is telling me there is no way to do it. I believe the short sale is in the best interest of my clients so I don't understand how they can reject it. If anyone has any information on this please let me know. Thanks Debra
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there is always the chance. it really boils down to what is in the best interest for PNC and/or the loan investor. make that case with a strong contract.
Thanks for the reply. What would make the contract strong enough for them to stop the foreclosure sale?
something that reflects market value and preferably cash since you're so close to a sale date.
Ok, Thanks for the advise.
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