Do Non-Owner Occupied or 2nd Homes Qualify For A Short Sale?

Answer: Yes

A short sale is a hardship and needs to be demonstrated to the lender or servicing company as the only alternative to foreclosure. There are many situations where a home owner may own several homes they can no longer afford. The lenders and servicing companies know that a non-owner occupied home or 2nd home may be easier for the owner to walk-away from because they typically have another home to live in. Often times these short sales are approved quicker than an owner occupied home.

Every short sale situation is different. If you or your client is unsure if they may qualify for a short sale please call our office at 1-800-480-1917 or e-mail your clients situation to ZOOMLossMitigation@gmail.com.

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