Hello Fellow Short Sale Realtors,
I have a question: We are currently starting a short sale that is an Estate. The Wells Fargo rep stated that 1) the existing loan has to be assumed by the executor and 2) the executor can then apply for the short sale. Why would the Executor assume the bad debt and then short sale the loan (thus affecting her good credit). Was the WF rep accurate? or just crazy? Has anyone heard of this too? Please advise. Thanks.
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