Number 10
I can't make my house payments but I do have an ability to pay back all or part of the negative equity. Also, I want to preserve my credit score...is a short sale right for me?
Probably, not. In cases where the seller can pay back all or part of the negative equity (usually to the 2nd lien holder) it makes sense for them to work out a repayment plan. The lender will then release the lien and allow the home to close.

To be continued ...

 
Posted by Janine Elkhoury on 03/20/2008 11:03 PM   Comments (0)   , ,  
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Real Estate Agent: Janine Elkhoury (Prudential Preferred Realty)
Janine Elkhoury
Woburn, MA
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