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Answers (7)
- Stephen Chenault, "sdchenault"
- Contributions:9
The answer is it depends.
It is very possible that you can get sued. Your best bet would be to consult with an attorney who is very familiar with short sales and foreclosures. They can help explain the process and the liabilities involved. Also another good point of contact is a realtor who has a CDPE Designation, SFR, or a realtor who is very familiar with short sales.
It is important to know
Today, 1 out of every 10 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.
You are not alone out there. Please look into your options!
Good luck!
It is very possible that you can get sued. Your best bet would be to consult with an attorney who is very familiar with short sales and foreclosures. They can help explain the process and the liabilities involved. Also another good point of contact is a realtor who has a CDPE Designation, SFR, or a realtor who is very familiar with short sales.
It is important to know
Today, 1 out of every 10 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.
You are not alone out there. Please look into your options!
Good luck!
- Linda Strasberg, "L Strasberg"
- Contributions:2316
Are you sure that your home is not worth what you paid?
Try a shortsale before you make any hasty desisions
Try a shortsale before you make any hasty desisions
- wetdawgs
- Contributions:26854
Joe Clemens: Please comply with the "no self promotion" policy of Zillow.
- Joe Clemons, "reojoe63"
- Contributions:39
It depends on what they sell your home for at auction, short sales are also risky you could go through months of waiting and still be foreclosed on. contact me and we can talk about your situation in more depth. Never any upfront fees or obligation call me [Content removed by moderator due to self-promotion]
- FriendshipProperties
- Contributions:783
Depends on the state, but you may be responsible for the difference they net after the eventual sale. Its usually the 2nd mortgages that hackle the most.
- wetdawgs
- Contributions:26854
Have you considered a short sale rather than foreclosure?
will i get sued if i foreclose?
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