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should I sell my home

trying to modify a adjustable mortgage and I'm gettng nowhere after 3 yrs.
  • May 29 2011 - Port Saint John
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Answers (4)

I don't know if your still struggling with your modification or not but I am a local PSJ broker. I have a strong modification attorney I can recommend. He has helped a lot of my clients. Short selling in the end would be the better option to allowing the foreclosure to happen. Foreclosure will leave you with a deficiency judgment while deficiency amount above the approved short sale price is still being forgiven and not treated as taxable income. Let me know if you need any additional information to help you through this.

Duke

  • October 28 2013
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Is your mortgage current or did the lender have you stop payments during the modification process? Are you facing a hardship that makes continued payment difficult, perhaps a job loss, illness, etc?   A short sale may be a real consideration.

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  • May 30 2011
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Not knowing more details about your financial situation, value of your house vs. mortgage amount etc it is hard to advise. If you feel that selling is better option then keeping the house, it probably is.
Good luck!
  • May 30 2011
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Yes.
  • May 29 2011
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