Short Sale(QUESTION)
We live in South Carolina and have land that has an old house that we used to rent and some other old buildings on it> We have been served forclosure papers. We just can't afford this extra payment anymore. We have a family member that would like to buy this land. How do we propose a short sale to the mortgage company? We owe 42000.00 to PCFS mortgage and they are offering to buy for $25000.00. This land would be land-locked to anybody else. Please let me know what we should do>
This is something that I would be interested in working.
The subject property is landlocked? Is there a use and access easement? Do you own the adjacent property?