https://www.propertyinvesting.com/members/redgums/activity/ Activity feed for Redgums. Sat, 18 Apr 2026 00:48:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 dfc8afcbdc9d8f1bf064491b3b28e989 https://www.propertyinvesting.com/topic/4386610-short-sales-in-oz/#post-4553703 Wed, 30 Aug 2006 11:49:38 +0000 My understanding is that the process is started BEFORE the lender takes possession of the property. This is not a mortgagee sale. i am aware that the lenders here have a statutory obligation to get the best price they can when they take possession, but are they not free to forgive a debt, or discount it, if doing that solves the problem and…[Read more]

]]> 17132826eecbeb1ed5c1199e659687e1 https://www.propertyinvesting.com/topic/4386610-short-sales-in-oz/#post-4553700 Wed, 30 Aug 2006 10:39:43 +0000 A pre-forclosure sale at under market price where a deal is made with the lender to accept less than what the distressed vendor owes on the property. Common in USA apparently. where lenders may accept anywhere from 50 – 80% of what they are owed simply to get the problem off their desk.

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