Can someone describe the "ideal" short sale candidate?

[aaronsfolks]

Aside from the usual (there’s a real hardship, little or no equity, behind by a couple payments)…

Does it help if the property is in need of repairs?
Would you shy away if the second is a HELOC instead of a 2nd mortgage?
What if the property is already listed?

Any help is appreciated

[JDS11]

@aaronsfolks post:1

Does it help if the property is in need of repairs?

Yes

@aaronsfolks post:1

Would you shy away if the second is a HELOC instead of a 2nd mortgage?

Not really

@aaronsfolks post:1

What if the property is already listed?

Nothing to do with it, though it does show inability to sell