Short Sale..does it matter # of months in arrears?
Howdy,
Is it easier to negotiate a short sale when owner is 3-4 months behind in payments and has already walked away? or are the banks/lender more flexible when owner is neck deep and eight months behind? What is the timing on something like this? 
skwe-g 
It all depends on different circumstances. I suggest you read FAQ's about Real Estate Short Sales and Loss Mitigation During PreForeclosure: Friend or Foe and also Real Estate Short Sale Secrets.
Get a gist of what short sales are about from reading those articles. Different banks do short sales in different ways. Also, when you short sale you are trying to convince the bank that the home is worth less than it really is and why they should discount the mortgage so you can buy it. Many factors are involved, so there is not straight answer to your question. Read the articles, it should answer some questions you may have about short sales.
Tanya