In some cases, the client you are working with has a reverse mortgage or has no equity left in the property due to other encumbrances. Historically, your company has probably offered the property back to the financial institution. I can offer another solution which entails working side by side with the lender to get the property ready for market and sold.
CASH TO THE SELLER IS ALWAYS THE GOAL!
THIS IS BASED ON A CASE-BY-CASE REVIEW. THESE FUNDS CAN POSSIBLY BE USED TO OFFSET THE GUARDIANS EXPENSE OF HANDLING THE SMALL AMOUNT OF SHORT SALE PAPER WORK AND PROVIDE EXTRA FUNDS FOR YOUR CLIENT.