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Updated over 11 years ago,

User Stats

7
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0
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Dan R.
  • CDA, ID
0
Votes |
7
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Short Sale Wells Fargo Freddie Denied

Dan R.
  • CDA, ID
Posted

Hi, I had a short sale approved thru Wells and the seller is current on mtg but showed a financial and medical hardship. The home is a second home, condo- not primary residence. We had a agreed upon selling price and Wells countered with 10K cash contribution from seller. We countered with $1K contribution from seller and abruptly the offer was declined by Freddie with no explanation except for "unjust hardship" They would not elaborate any further. I am frustrated by the last minute denial. What can be done to save the deal? Should the seller be delinquent? Would that help? Any advise to make this short sale work would be appreciated.

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