Need info quick on Short Sales… - Posted by Pam
Posted by Pam on February 13, 2001 at 19:41:55:
I am selling my personal home and we are a month behind on the first and 2 months on the 2nd. We will get about $25K in equity out of the home and we got an offer tonight. Is there a way to go about getting the mortgage holders to agree to a short sale so we can get more out of the house? The reason I ask is because my 1st holder said we owe $164K and that they would accept $155K. Do I get this in writing? How do I do this exactly? Will they ask to see my contract to see what I am netting?