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Updated over 5 years ago on . Most recent reply
Can you do a sub2 with a shortsale?
Can you do a sub2 with a short sale?
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Bill B.
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Bill B.#1 Real Estate Deal Analysis & Advice Contributor
#1 Real Estate Deal Analysis & Advice Contributor
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By definition a short sale nullifies the mortgage so no sub2 there.
You could pay all past due amounts and try to do a sub2 at the current balance, but then also by definition, you’re paying more than the short sale price.
It is a sad state fo affairs if we still have short sales in 2019. 10 years of modifications, adjustments and I assume in at least some cases, not making any payments.