Can owner do short sale of home even after foreclosure with redemption period notice?

A friend of mine stopped paying for their home that is upside down. Now it’s in foreclosure and they received notice of auction date. Do they still have a chance to negotiate with the bank to sell property on short sale? Please advise.

Not really. The sale would have to close before the auction date, and even if the buyer has cash there isn’t going to be enough time.

Your friend did not just hear about this, at least 4 months have passed.

Atlanta Foreclosures & Atlanta Short Sales–REDC Auction Atlanta Homes

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