short sales: East Orlando Florida Real Estate - Top Ten Short Sale Questions Answered - 04/11/08 09:24 AM
Top Ten Short Sale Questions Answered
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.
Number 9
If I pay mortgage insurance and default on my loan, why wouldn't … (0 comments)

 

Jerry LaRose

Waterford Lakes, Avalon Park Fl. Realtor

Alafaya, FL

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Keller Williams classic Realty

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