circumstances where lenders OK short sale for investment property

[Jerrold Stallworth]

Hi all,

I looked throughout this forum for an answer but did not find one.

An associate of my has an investment property he desperately wants to sell. The property is comp'd at about $125K but he owes about $180K. He wants to try a short sale but he doesnt exactly qualify as a hardship case.

My question is under what circumstances have investment property been approved for a short sale? Particularly if there's not much of a hardship.

I've read a few other posts that stated short sales have been done on investment property sans hardship but did not describe the conditions by which the lender allowed this.

would appreciate any suggestions or comments