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Will the lender consider a short sale if my mortgage is current?

In the current market conditions, it is possible that a bank would accept a short sale, even when the borrower is current. Sometimes, some lenders will accept a Short Sale file for approval on loans that are not delinquent. But most lenders will not accept the short sale file until the loan is delinquent. It is likely that the lenders' guidelines will prevent them from formalizing a short sale if the loan is not past due. This means, for them, that the borrower has the means and can continue to pay on the loan each month.

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