No matter how good the reason, short sale is up to the bank - Kansas City Star

Then she met the man of her dreams who had a house in Canton, Mich. Realtors So they put a tenant in there, but were traveling a lot and couldn't be the best landlords," Gilson said. They sold the condo for $31,500 in about four months and brought about $4,000 to closing, he said. They laid all the facts out for the bank and said, 'We simply don't have the ability to keep both of these properties going,' " Gilson said. Renee Reyer, an agent with Clients First Realtors in Canton, said she worked with a couple who just got married and wanted to start a family but didn't feel safe doing so in their current neighborhood. Then there are other life events that inadvertently cause a housing hardship, like getting married when the bride and groom each own their own home. Then she met the man of her dreams who had a house in Canton, Mich. So they put a tenant in there, but were traveling a lot and couldn't be the best landlords," Gilson said. They sold the condo for $31,500 in about four months and brought about $4,000 to closing, he said. They laid all the facts out for the bank and said, 'We simply don't have the ability to keep both of these properties going,' " Gilson said. Renee Reyer, an agent with Clients First Realtors in Canton, said she worked with a couple who just got married and wanted to start a family but didn't feel safe doing so in their current neighborhood. Those who aren't usually as successful in getting a short sale are those who are current on their payments or have no hardship, she said. Other hardships she has seen go through include payment shock after an adjustable rate mortgage resets, failed business, incarceration, marital separation, military duty, retirement and damage to property.