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Apparently it is possible, and I cannot see any way you would have any recourse. Lenders are not obligated (or always motivated) to incur losses so sellers can get out from underwater properties, especially if the sellers are current on their mortgages. Your best bet is to contact the new servicer, but wouldn’t want to guess the odds they’re going to be excited about a short sale right after purchasing your loan!
We have been working through a short sale with Bank of America for months. They just notified us they sold our loan. Is this possible? Do we have any recourse?
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