Countrywide disallowing short sales of investment property is the shot sale information reported today. When Countrywide does not allow an investment property short sale then there is no short sale that is available for the non-owner occupied property and it will end in foreclosure. Look to see if the property that is the subject of the short sale is an investment property and if it is then you can not short sale the property if it is with countrywide mortgage.
Countrywide and short sales of investment properties is being discussed at the Countrywide Short Sale Blog of non-owner occupant properties.
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