Recently I realized that lenders in a Short Sale don't place as much importance on the reason for a short sale as I thought. They don't seem to care as much about the reason for a hardship as they do the current numbers on the financial pages. Banks deal in hard numbers and as long as the bank is financially pleased, they will approve a short sale. If the numbers do not make financial sense for the investor, the lender will turn down a short sale.
The most important piece of paper submitted to the lender in a short sale is the financial page which outlines the monthly budget. Be sure to be precise and accurate when filling out this page. It is the most important of all those submitted.
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