Military Personnel - Short Sale help!
I need help and I am hoping there is an Active Rain member that can advise or direct me to the right path. I just met with a couple that is moving to Alsaksa (or should I say being deployed) and they have owned a home sign 2008 that is not worth what they paid and to make matters worse, they took out a home equity loan and owe more than they paid for the home. Not to mention in most situations a vacant home (they had to take all their furnishings) does not show as well as a furnished home.
I want to help this couple, but it seems like a short sale is their best answer. After I mentioned short sale, the soldier said to me that military personnel had special short sale advantages - one was that their credit rating would NOT be affected. Is this true?
Thank you in advance for any help you can give!