Maple Valley, WA September 4, 2012 Here’s another example of a short sale we successfully negotiated when the owners were not delinquent on payments. Most often these situations involve a job transfer where relocation and the market decline combined to make the property a financial burden. The property had two liens and both were successfully released with full deficiency waiver. I’ve been hearing through the real estate grape vine that many sellers are being told they cannot do a short sale on their house unless and until they are behind in payments. Sometimes (such as in the case of an FHA loan) the investor will not allow the short payoff until the loan is in default.However this is not by any means a blanket requirement for any short sale. I wish I had a dollar for every time I’ve said this over the last 5 years, but the fact is “No short sale is never exactly like another….ever!” Therefore it’s super important for you to talk with an experienced Short Sale listing agent, if you’re considering the process. Information is key!
