However is your home now worth more than what you owe...
will you have to short sale your home? You can short sale and buy another home if that is the case...
But it sounds like you have equity in your home....
So just treat it like a regular sale. Your loan modification program will not be affected.
Search Short Sales and foeclosure Deals at http://www.BuyNjShortSales.com
If you received a loan modification 5 years ago, you are one of the lucky ones. If you choose to sell you home, it's your choice. I hope this finds you back on your feet. Give me a call and we can discuss the details. There are a lot of factors that change the horizon, so I'd love to see how I can help you. You can call me at 609-204-0774 and we can discuss your situation. There are things that you don't need to put online. I look forward to hearing from you.
Great question. You don't have to contact your lender unless you feel you may owe more on your home than what it's worth.
I can help you find comparable sales in your area and give you a rough idea of what your home is worth. This will let you know if you can do a traditional sale or will need to do a short sale.
Let me know if I can help you!
Eric Axelson, Associate Broker
Licensed in NJ and PA
Kurfiss Sotheby's International Realty
But, aside from that, why are you so afraid to communicate with your Lender? Do you think they will raise your rate, or foreclose on you if they know you are selling?
It's a little like childbirth; it happens all around, every day.