Is it wise to include, on the financial condition worksheet, that the homeowner has another two mortgages on another piece of property? would that effect the short sale?
It is wise to make full disclosure on the financial work sheet. If this person is in arrears on one property they may question if he is current on his other mortgages and if so why. If one of the current mortgages is the lenders primary home it is understandable.
Showing additional mortgages is not unusual and I have never found it a detrement to doing a short sale.
thanks for the advice