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DOES ATTEMPTING TO DO A SHORT SALE INTERFERE WITH A OWNER WHO IS IN A LOAN MODIFICATION PROGRAM?

By
Real Estate Agent with Keller Williams Capital Partners Realty 277320

My client has been in a loan mod process for a few months. While not officially approved, they have lowered his payment substantially. The home has not sold and it is a situation where I need to lower the price and may need to do a short sale. This is a nice home in Clintonville

 

Th owner is very concerned if I turn in short sale paperwork that it could effect his loan mod and raise his payments. Any advise on this?

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