Probably. The banks are easing up a bit on the short sale restrictions because the courts are getting tired of being bogged down by foreclosures.
Again you have to ... more
First of all, are you flexible about doing this NOW?
You sound like you could handle the Mortgage payment now, and don't really have a HARDSHIP; you just " ... more
Short Sales can be very time consuming. First the seller has to accept the offer and then it is forwarded to the lender(s)/investor(s) for approval. Once the offer is appro ... more
Maybe you would feel comfortable talking with the bank you have accounts with. They do pre-quals over the phone. I have heard many banks don't finance under 5 ... more
In my opinions, it is not about the home values dropping. Instead, it should be about the interest rates rising.
I recently did a Market Update on my website as well ... more
Are you working with an agent, specifically an REO buyer agent? I'm not suggesting anyone in particular, just someone who writes offers on REOs day-to-day. The terms of yo ... more
This means that IN SC the lender may reserve the right to attach a deficiency judgment to your estate for the amount of the difference between what is owed and what the hom ... more