how can i short sale a house i can no longer afford

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June 23 2009 - Cape Canaveral
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Answers (6)

Profile picture for wetdawgs
Hey Patricia and Jayrd:
If the person posted the question in June 2009, is it possible they've already figured it out?   Your value of answering will be much much greater if you take time to read the date of the post and read other answers before posting.
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October 24 2010
Profile picture for JarydRuffner
Contacting your lender personally probably won't do you a lot of good. They'll need an offer to consider this sale. If you just call them, they will only try to collect money from you and threaten to foreclose. You need an experienced Realtor to help you. Find an agent that has listed and sold numerous short sales with a good track record. Experience counts in this department.
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October 24 2010
Get in touch with your lender and tell them the situation and that you would like to do a short sale.  They will let you know what they need from you.  You eill then list the property with a Realtor who knows short sales who has a proven track record with short sales.
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October 24 2010
Profile picture for L Strasberg
Get in touch with your lender and tell them the situation...they'll need a hardship letter and your current financials...then list it with a Realtor that handles short sales.
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June 24 2009
Profile picture for Myersteam_1
Need more information to help you.  Do you have an FHA or conventional loan ?
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June 23 2009
Profile picture for JaebRE
My first suggestion would be to contact your lender and explain your situation.  It might be possible that they may help you find a solution.  If you exhaust all other remedies and need to sell, contact a local Realtor who is experienced in short sales.  They will need to work closely with you, your lender(s) and the buyers to successfully sell your house and reduce or eliminate your liability.

Best of luck to you, Kirsten
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June 23 2009
 

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