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Your chances of being appeovrd for a short sale are slim if you are current on mortgage payments. The lender isn't going to approve a short sale just because your home has lost value. The lender will insist on some sort of financial basis disclosure from you before considering allowing a short sale. If you have other sizeable personal assets, they won't approve you, and will expect you to pay off the deficiency. Of course, you can cease making payments and head for foreclosure, and that will raise havoc with your credit rating. Unfortunately, so will a short sale.In the event of a foreclosure or short sale, you can expect to be denied future mortgages for a period of from three to five years.
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(VISITOR) AUTHOR'S NAME
Makshuda
MESSAGE TIMESTAMP
19 december 2014, 23:28:29
AUTHOR'S IP LOGGED
186.95.1.12
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