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?
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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Frank Wible
REMAX ALL PROS
Turnersville, NJ 08012
(856) 228-2990 http://www.ShortSaleNJ.com/