How does short sale affect other assetts that an investor might have?

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0Yes

January 10 2010 - Urbana
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Profile picture for mbeckerman
The lender will look at all of your assets to determine how to approach a short sale. If you have other assets of value (real estate, cash, stocks) they will expect you to use some of these assets to reduce/eliminate the shortage in a short sale. If you are too rich, they will not allow the short sale and will get a judgement against you for the shortage if it goes to foreclosure.
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January 14 2010
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This question and many questions about short sales and foreclosures are best answered by your attorney, as it is legal advice you seek.

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January 11 2010
 

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