Can you do a short sale in a redemption period?
I had always thought you had until the end of the redemption period in redemption states if no one buys at the auction. I had a short sale pending with Shellpoint and they wouldn't postpone the auction, it was held and no one bid. They say it is now REO property and tossed my short sale documents. They said they never consider short sales after the auction date and I now have to wait 6 months for the REO realtor to list the property to make an offer? Is this the case with most companies? Any strategies available to keep my short sale going with Shellpoint? It is a conventional mortgage if that is relevant.