Can Longer Afford Home Need To Do A Short Sale
Can anyone help us. We tried to sell outr house in has been on the market for over 90 days. We had to take it off the market because we can no longer afford the commisions. We took out a line of equity to supplement the morgage but that has now depleted. To rent it would only cover half the morgage that is owed. We need to "Short Sale" immediately before our credit is ruined. We are current with our payments only because of the equity line, but that is gone. Can anyone help us? If we havent missed a payment can we still Short Sale?
I would think if you gave us your location... SOMEONE would be able to help you out!!!
Let us know!
[addsig]
I am located in Claremont California. I am not neg yet but i will be. My house appraised at $595K in Feb and i bought for $575k.
I can help you...you dont necesarily need to be behind for the bank to accept a short sale. Please let me know if i can help....
What can you do for us?
Quote:
On 2006-08-28 15:42, dthompson wrote:
I can help you...you dont necesarily need to be behind for the bank to accept a short sale. Please let me know if i can help....
Can someone contact me. Desperate Seller need to "Short Sale" if possible immmediately and needs someone who is experienced to do it. I am in Claremont, CA. We have our loan through NOVASTAR. Any incite? Is there light on the other side? Have never defaulted but scared that it is coming next month. Dont want to ruin credit! Please help! ANYONE?
First, you should be well informed with regard to your options and alternatives. Start with the basics. Check out the HUD website, or www.SPOCH.org, another non profit housing help website.