Shortsale vs Bankruptcy
Can I shortsale a house that its in perfect condition? Here is the scenario, the homeowner its on foreclosure and she finish filling bankruptcy, its all over now, I have this house under contract, but what else can I say to the bank in order to shortsale when the house its in perfect condition? (by the way homeowner its about $10000 in the arrears, Im running out of time I already have the ATR signed, all I have to do is talk to the bank, please someone please give me some light on what to say to the bank. 
You can short sale a home that is in perfect condition, but you will have to convince the lender somehow that the property is worth less than it really is. You can start by getting a representative from the loss mitigation department and ask if they would be willing to take a discount on the mortgage. Then take it from there. You may have to submit a proposal and include a hardship letter from the homeowner.
Tanya