What are chances for ss approval if seller has liquid assets, relocated across country to better job

The hardship is the relocation when the house is worth less than what is owed on it...but sellers have sufficient resources to cover the costs to sell, they are employed...would the bnnk approve a short sale in such a situation?

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How are the loans structured and who is the servicer?


If it's significant liquid assets, you might have a chance with a cash contribution and I wouldn't take the listing unless the seller was willing. Also, ALL assets must be fully disclosed or it will be considered fraud.

I closed a HAFA short sale recently where a seller had over $7M in non-liquid assets. We disclosed all of them fully and they showed on the credit report. The seller was willing to contribute close to $100k.

To our surprise, when it was approved, the contribution required was ZERO.




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