I apologize we have false foreclosure information listed on our home details page. This data is provided to us from Zillow foreclosures and we currently do not have the ability to edit or remove the information that they are sending us.
Please be advised that once the status is removed from Zillow, it will automatically update to Trulia after 24-48 hours.
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Now is the time to buy. Interest rates are very low, but are just starting to go up. If you wait until home prices drop, the interest rates will be higher and your payment would actually be more than if you bought the house at a higher price, but with a lower interest rate. There are some great 2 bedrooms on the market right now for a great price.
Since you asked this question in April...I'm assuming that something has worked out in the meantime? We'd all love to know what happened.
Generally....for anyone who might read this and wonder about the same thing...I see no way for the seller to legally come out of a short sale with any money, and anyone promising this is very scary, so I hope sellers pay very close attention to these types of things and consult an attorney before you rely on a company or person making these promises.
To get you question properly answered, I would need some more information. If you are facing default, there are some choices to make. I just negociated a reduction in the interest rate and loan for one of my clients of $180,000.00. If you need help give me a call.
The short answer to your question may be as little as 30 days.