04444 : Real Estate Advice

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Robert Pratt, Real Estate Pro in Chicago, IL
Robert Pratt answered:
i stopped paying my mortgage, and am going to do a short sale, do people have to keep paying when doing a short sale?
The answer is most definitely NO you cannot be current on your payments
to do a short sale, you MUST be delinquent or your packet will never be
approved. If a bank sees you making you ... more
0 votes Share Flag Fri Jan 29, 2010 Home Selling in 04444
Eric Michael…,  in San Diego, CA
Eric Michael Abrams - California Real Estate Broker answered:
i stopped paying my mortgage, and am going to do a short sale, do people have to keep paying when doing a short sale?
What Don has said is correct,

Few banks have their act together to the point that foreclosure and short-sale departments speak. They're just overwhelmed beyond belief.

Hav ... more
1 vote Share Flag Thu Jan 28, 2010 Home Selling in 04444
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