Short Sales at 40% Below Market Value

[Ayo F.]

Hello all,

I have heard of people getting short sales at 40% - 50% below market value.

Can a few of you share your success story and what factors contributed to such successes.

Getting shorts at 20% below market value is quite common as long as its not a Fannie or Freddy or a loan with PMI. But 40%, that's unbelievable.

Any thoughts?