apartments/rental short sales?
Hi Dwan & Sharon,
I need to know if small apartments or sf rental homes can be shortsaled. Say the owner over-extended himself? Or is it out because it's not a primary residence?
Thanks, Ty
If the mortgage loans are insured by a quasi governmental agency, or FHA, or the VA, the issue of owner-occupancy will likely arise.
Ty-everything can be short saled, unless the lender doesn't do them, in which case you can offer to buy the note. Dwan can cover this on the call tonight. Good luck, Sharon