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Do you have to be past due on your mortgage to do a short sale? - OC Short Sale Specialist

By
Real Estate Broker/Owner with Aston Group - Orange County Real Estate 01451803

Do you have to be past due on your mortgage to do a short sale? - OC Short Sale Specialist

ANSWER:

It depends on your lender

Here are a few banks that will allow you to do a short sale without being delinquent.

•·         Countrywide

•·         Wachovia

•·         Wells Fargo

Please remember that if you are doing a short sale and you are not currently delinquent the bank has no rush to approve your short sale. It could take 6 months to get it approved.

For more info on short sales please call  714-588-7676 or go to www.remaxann.com  

List with an experienced Short Sale Realtor

 

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Comments(2)

Steve Ewing - Keller Williams Realty
Keller Williams - Stockton, CA

More importantly do they have a legitimate hardship?  People could be behind in their payments because they just do not want to pay.  A legitimate hardship however is something they absolutely have no control over.

Jul 26, 2010 01:19 PM
Ann Urias
Aston Group - Orange County Real Estate - Irvine, CA
Your Real Estate Concierge

not always true.

Jul 26, 2010 02:42 PM