Home » Seller FAQ's » Does everyone that is in foreclosure automatically qualify for a short sale?

Does everyone that is in foreclosure automatically qualify for a short sale?

 

No, the homeowner must be able to prove hardship. In addition, if you have junior loans (seconds, revolving lines of credit, etc.) against the property, the holders of the junior trust deeds must also agree to release their liens although they may receive no payment.

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