How Does Seller Qualify For Short Sale
Auction date is September 19th. Seller wants to do Short Sale. How does Seller qualify for Short Sale and will they be able to do so in this amount of time? 
Auction date is September 19th. Seller wants to do Short Sale. How does Seller qualify for Short Sale and will they be able to do so in this amount of time?
Only the mortgagee who is asked to grant short sale relief can qualify that mortgagor... but you can expedite the process by learning as much as you can by asking a few basic questions.
First of all, instruct the Seller to contact the mortgagee and request that a preforeclosure sale workout application be sent via priority mail or FAX.
Then, read the article, "How to Prequalify a Short sale Candidate" posted on this Site. It will give you an idea of what you need to know from the Seller.
In a nutshell, if the seller has experienced an involuntary hardship, can't cure the default, and can't sell at a price that would satisfy the mortgages, liens, and other encumbrances... the Seller may qualify for short sale relief.
What justifies hardship.....for seller to ensure approval for short sale???