Banks are cooperative to give short sale approval. Short Sale is fora home owner that is facing a financial hard ship.
Home owner has to present a short sale package to bank with the offer and closing statement to their lender to get the short sale approval. The reason I told you talk to your CPA or Lawyer is that you are an investor, it may have tax concequences on you. Short Sale is a great thing for some home owners not for all of them. As I mentioned before every ones financial situation is different , therefore, it is to your best interest to consult with a CPA to direct you to the right path. If it is a short sale, then, work with experienced persistant Realtor that actually closed most of their short sales if not all of them. The number of short sale an office negotiate is not what matters, the ones they have closed is what matters. Short sale is the most complecated real estate transaction, an excellent Realor it does close. Iif you have any questions please feel free to contact me. Good Luck. Heba Rayan 925-216-3006