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Answers (6)
- PATRICIA AMADI, "highintegrityrealty"
- Contributions:120
Great answers from all.
- PATRICIA AMADI, "highintegrityrealty"
- Contributions:120
Edyta say is all.
- Edyta Gryc, "SE Florida broker"
- Contributions:304
If you plan to sell it- short sale can be an option,
If you plan to live in the property-loan modification can be an option.
If you plan to live in the property-loan modification can be an option.
- Christine McGinty, "whitemountainagent"
- Contributions:273
Do you need to sell? A short sale could be a possibility but you may need to show hardship. Find yourself an experienced short sale agent with previous short sale closings. If you don't need to sell or can't prove a hardship, talk to your lender about a loan modification or just hang in there until the market improves. You're not the only one in this circumstance. Good luck.
- Kevin O'Shea, "Kevrltr"
- Contributions:212
Hi,
If you are selling the home and your loan is higher than the value of the homel you can be responsible for the difference if you have the finances. If you do not have the funds a good Realtor can help you with a "Short Sale". You can find out about these from your bank or on line at ActiveRain.com
Good Luck!
Kevin
If you are selling the home and your loan is higher than the value of the homel you can be responsible for the difference if you have the finances. If you do not have the funds a good Realtor can help you with a "Short Sale". You can find out about these from your bank or on line at ActiveRain.com
Good Luck!
Kevin
- Michael Emery, "MikeEmery"
- Contributions:7298
What happens if you owe more than the current value of the home?
What are the circumstances surrounding the question. Selling? Refinancing?
What are the circumstances surrounding the question. Selling? Refinancing?
What can I do if the balance of the home is more than the estimated value of the home?
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