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Posted on June 25, 2018 - 11:20 AM
by Jeffery Tipton
Perhaps. We have had clients who qualified for a short sale while they were current on their mortgage. While each lender is different, many have changed their policy on Short Sales over the years. Previously, many lenders required the borrower to be in pre-foreclosure and thus delinquent on the mortgage before they would approve a Short Sale. Today, some lenders will approve a short sale if the borrower can demonstrate imminent default.