Short Sale Without Default ?
Can anyone help me on this one. I have a short sale that I am working with Wells Fargo and the owner is very ill. The property in question is a vacant rental property which is in need of repairs(Roof, Floors, etc. Problem is, the mortage is up to date and current. Wells Fargo says that the owner must be at least 30 days to consider. I do not want to suggest to the owner that they allow the property to deafault first . Any suggestion?
Non owner occupied may be problematic rendering payment status moot.
Try to buy the mortgage at a discount.