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Rental properties
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Old 10-17-2007, 01:13 PM
gemgirlco gemgirlco is offline
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Default Rental properties

Are rental properties a good candidate for a short sale. I was wondering if the bank would consider the primary home of the seller as assets? Should I take a short sale listing on a rental property?
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Short Sale / Short Payoff
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Old 10-31-2007, 02:25 PM
FrankWible FrankWible is offline
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Default Short Sale / Short Payoff

What I have found in some investment cases is that the bank will ask for some seller responsibility. They may ask for seller to take personal note or contribute towards closing. I always say "Take The listing" and work it from there!
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