Will Lenders Consider a Short Sale When the Mortgages Are Current?

A Realtor recently posed an excellent question: As a Realtor, I’m representing a seller of a home with a first mortgage and a second mortgage. While both mortgages are current, the sum of both mortgages exceed the value of the property. Will lenders consider a short sale when the mortgages are current?

Tagged as: both-mortgages, exceed-the-value, excellent-question, Foreclosure, making-their, more-people, Mortgages, Realtor, recent-months, recently-posed, Short Sale, the-past, the-sum, until-now