Foreclosure in 60402>Question Details

Bubbles, Home Buyer in Berwyn, IL

can't afford house.

Asked by Bubbles, Berwyn, IL Mon Feb 20, 2012

who decides if you do short sale or forclosure the bank or the owner?

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1
John Potter’s answer
The owner decides short sale yet the bank must approve and may not. A bank forecloses and they decide to sue the owner for non payment of mortgage. The owner decided not to pay mortgage.
0 votes Thank Flag Link Mon Feb 20, 2012
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