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Updated almost 11 years ago on . Most recent reply

J. Johnson's profile image
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J. Johnson
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  • from Brunswick, Georgia
  • Member since Mar 4, 2013
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J. Johnson
  • Real Estate Investor
  • from Brunswick, Georgia
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J. Johnson
  • Real Estate Investor
  • Brunswick, GA
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Foreclosures

Another question on shortsale

J. Johnson
  • Real Estate Investor
  • Brunswick, GA
Posted

I have an investment property that im currently loosing on. It is starting to become a burden to me. The realtor that im working with has told me the only way to sale it is by shortsale. I now have a tenant in the home and I was wondering if it can still be done with a tenant inside? Can anyone share their experience?

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Wayne Brooks
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Agreed, but also if the investor on your loan pays a relocation incentive, it will go to the tenant, if they move, not you the owner.

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