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In order for a file to be reviewed to see if it be approved for a short sale, a FNMA loan must be two months late. So, a buyer must harm their credit to order to find out if they can do a short sale or not. This is what my seller was told to do. She was told, "it appears that I can approve the short sale but you must miss two payments in order for me to review the file". Does this make sense? If they approve the short sale, her credit will be harmed. If they DON'T approve it, … (2 comments)
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