A Common Antioch CA Short Sale Myth: You Must Have Defaulted On Your Loan Before Your Lender Will Talk About A Short Sale
By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA – We recently received a question from Nathan. Here was his question. “I’ll stop making the payments on my condo. That way we can start on the short sale process with my lender. How far behind do I have to be before they will start negotiations. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Nathan’s comment reveals a common myth people have about short sales. They believe that a lender won’t approve a short sale unless the borrower has defaulted. Here is the truth. Yes, some lenders will not approve a short sale unless a borrower is behind on their payments. But, that is only in certain specific instances. But, most lenders will approve a short sale for a borrower that is current on their payments. They will ask if there ...