Zillow Advice RSS: Question-Discussion-Guide,Home Selling,NM http://www.zillow.com/advice/NM/home-selling/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Can you do an appraisal, or recommend someone who can? http://www.zillow.com/advice-thread/Can-you-do-an-appraisal-or-recommend-someone-who-can/505355/ Why is the appraisal being done? If you are getting an appraisal for a mortgage, you must use a third party appraisal company.&nbsp;<br \><br \>0 replies Mon, 05 Aug 2013 18:40:00 GMT http://www.zillow.com/advice-thread/Can-you-do-an-appraisal-or-recommend-someone-who-can/505355/ 2013-08-05T18:40:00Z How do I get an appraisal? http://www.zillow.com/advice-thread/How-do-I-get-an-appraisal/256150/ You can check with a <a href="http://www.zillow.com/directory/lenders/">mortgage lender</a> in your area for some referrals&nbsp;for a qualified appraiser.&nbsp; Depending on the size and price range for your home the cost will vary.&nbsp; If you are <a href="http://www.zillow.com/refinance/">refinancing</a>, your mortgage lender will likely take care of the appraisal.&nbsp; If you are selling, the buyer will pay for an appraisal.&nbsp; If you just want an appraisal so there are no surprises or want a better idea of what to list your house for (which I highly suggest), you would pay for the for cost of the appraisal yourself.Hope this helps.<br \><br \>0 replies Tue, 14 Jul 2009 16:52:00 GMT http://www.zillow.com/advice-thread/How-do-I-get-an-appraisal/256150/ 2009-07-14T16:52:00Z We can't afford to sell our home for the estimate our broker told us it's worth, what now? http://www.zillow.com/advice-thread/We-can%27t-afford-to-sell-our-home-for-the-estimate-our-broker-told-us-it%27s-worth-what-now/496465/ Your Realtor likely gave you a realistic price evaluation, based upon current local information. I would trust the Realtor's judgement on price.<br/>A mortgage company won't loan for more then the appraised value, that is 100% correct. Perhaps there are some improvements you could make on your property that would increase the value? That is something to consider.<br \><br \>0 replies Mon, 13 Jan 2014 17:16:00 GMT http://www.zillow.com/advice-thread/We-can%27t-afford-to-sell-our-home-for-the-estimate-our-broker-told-us-it%27s-worth-what-now/496465/ 2014-01-13T17:16:00Z Home is upside down, no longer want it. Good credit, never late on payment. Help! http://www.zillow.com/advice-thread/Home-is-upside-down-no-longer-want-it-Good-credit-never-late-on-payment-Help/549950/ <p>Don't stop paying your mortgage! I highly recommend you contact a local realtor and have them run the comps and do a CMA for you as Zillow's zestimates are not always accurate. From there you can run through your options with a realtor.</p><br \><br \>0 replies Wed, 06 Aug 2014 00:47:00 GMT http://www.zillow.com/advice-thread/Home-is-upside-down-no-longer-want-it-Good-credit-never-late-on-payment-Help/549950/ 2014-08-06T00:47:00Z Home is upside down, don't want it. Good credit, never late on payments. Help! http://www.zillow.com/advice-thread/Home-is-upside-down-don%27t-want-it-Good-credit-never-late-on-payments-Help/549951/ I'm sorry you are in this difficult situation.&nbsp;&nbsp;&nbsp; Before using the Zillow estimate to conclude that you are underwater, get an in person evaluation with an experienced agent.&nbsp;&nbsp;&nbsp; It may not be as bad as you think. <br/><br/>Short sale:&nbsp; in order to qualify for a short sale, you have to demonstrate a hardship resulting in an inability to continue paying your mortgage.&nbsp;&nbsp;&nbsp;&nbsp; Simply being underwater is not sufficient.&nbsp;&nbsp; If you've had a job loss, death, divorce or have to relocate for your job you may be able to qualify for a short sale.&nbsp; <br/><br/>Your options:<br/>a.&nbsp; Stick with it for a few years, even if you don't want to. <br/>b.&nbsp; Sell and bring money to closing to make up the difference between your sales price and what you owe to the mortgage company.&nbsp;&nbsp; This will have no negative impact on your credit.&nbsp;&nbsp; An unsecured loan may be a way to go. <br/>c.&nbsp; Qualify for a short sale, and sell short.&nbsp;&nbsp;&nbsp; This will have an impact on your credit, and some states the banks can go after you for the shortage (I don't know NM).<br/>d.&nbsp; Foreclose - this will be a much more substantial impact on your credit.&nbsp; Some states the lenders can go after you for the money and it will hinder your credit for a number of years.&nbsp; in addition, some jobs require security clearances and a foreclosure may stand in the way of getting that clearance.<br/>e.&nbsp; A deed in lieu of foreclosure.<br/><br/><br/>So, your decision partially depends on what you wish to do with your next step in life.&nbsp; Are you planning on renting?&nbsp; Do you hope to buy something else?&nbsp;&nbsp; Sometimes sucking it up and still living there for a few more years is the right choice, sometimes another one on the list is the right choice.<br \><br \>0 replies Thu, 17 Jul 2014 00:48:00 GMT http://www.zillow.com/advice-thread/Home-is-upside-down-don%27t-want-it-Good-credit-never-late-on-payments-Help/549951/ 2014-07-17T00:48:00Z When cash is paid for a house, who is the check written to? http://www.zillow.com/advice-thread/When-cash-is-paid-for-a-house-who-is-the-check-written-to/549333/ I am selling my house for sale by owner. I am not sure how my mortgage will get paid off when the check is written. Does the title company take care of that? Or who does the check get written to?<br \><br \>14 replies Fri, 11 Jul 2014 19:16:00 GMT http://www.zillow.com/advice-thread/When-cash-is-paid-for-a-house-who-is-the-check-written-to/549333/ 2014-07-11T19:16:00Z