THis is a rental property and it is rented and almost makes the monthly payment now . but if it was to be
sold they would be lucking if they got 30 thosand for it being the neighborhood its in a shorrt sale would not help
Answers (2)
It is better for you than foreclosure. If they will not modify and you can't cover the monthly payment with the rents, it is your only option. Don't try to rationalize what they do, it does not always seem to make sense.
Web Reference: http://www.alaynaberek.com
FIRST ANSWER
The short sale information might help the lender rereview your modification possiblities. If they see they may be taking a big loss they may want to talk to the investor more.
Web Reference: http://www.keithmanson.firstweber.com
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