Zillow Advice: Home Selling - lender rejected my short sale application on an investment property saying there's no financial hard http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ Zillow Advice | Zillow Real Estate You might want to confirm ... http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ You might want to confirm whether or not your lender, or the note holder of your loan, if they were part of the settlement last year involving the pick a payment loans also known as Cosi-Coti loans. I have info on this on my home page. In addition the FTC also has info on this lawsuit settlement. If so you may be entitled to some benefits not available to everyone else. Good luck and I hope this helps. Thu, 26 Jul 2012 08:54:00 GMT http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ 2012-07-26T08:54:00Z Just so you know, your credit ... http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ Just so you know, your credit is still going to take a huge hit. It may not be as much as a foreclosure, but it won't be all that much less. Research this. Thu, 26 Jul 2012 04:48:00 GMT http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ 2012-07-26T04:48:00Z You still may have some hardship ... http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ You still may have some hardship in my opinion. It may be a matter of re-structuring your transaction. Who is your lender if I may ask? Thu, 26 Jul 2012 02:45:00 GMT http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ 2012-07-26T02:45:00Z I was laid off last year ... http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ I was laid off last year but kept up with the payments becuase I didn't want to default to save my credit.&nbsp; I had to cash out my IRA to buy my son his home due to death in family.&nbsp; I was foolish enough (my values compeled me to be honest)&nbsp;to disclose to the lender so they rejected my requerst,&nbsp; Thu, 26 Jul 2012 02:39:00 GMT http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ 2012-07-26T02:39:00Z It happens. It really depends ... http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ It happens. It really depends on who your lender is and your agent knowing the guidelines the lender has. Being and having an experienced short sale agent really makes a difference.&nbsp; Thu, 26 Jul 2012 02:36:00 GMT http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ 2012-07-26T02:36:00Z Did you wish to continue ... http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ Did you wish to continue your comments?&nbsp; If so, click on "post reply".<br/><br/>It is very hard to get a short sale approved on an investment property. Have you been experiencing hardships (besides property underwater)? Thu, 26 Jul 2012 02:31:00 GMT http://www.zillow.com/advice-thread/lender-rejected-my-short-sale-application-on-an-investment-property-saying-there%27s-no-financial-hard/452699/ 2012-07-26T02:31:00Z