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Your bank will not accept a partial payment, so if you are escrowing and you want to continue paying your mortgage you'll have to pay the entire amount.Something to consider in your decision. The typical minimum waiting period to return to the mortgage market after the closing of a short sale is 3 years. We have programs now that will allow certain borrowers with previous short sales to enter the market quicker, but they cannot have any late mortgage or installment payments the 12 months prior to the short sale.Just food for thought . . .Good Luck
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For Sale: $900,000
For Sale: $1,067,500
For Sale: $175,000