Short Sale Real Estate Investing Can A Lender Agreeing To Short Sale Keep You Out Of Foreclosure?
Can a lender agreeing to short sale keep you out of foreclosure? - short sale real estate investing
My colleague is in short sale with the lender. I am familiar with the Law on Mortgage Debt Relief in 2007, but I do not know if the sale to try to sell the property if the bank can be excluded in this process. He is 2 months behind the notes. It has about 20 days before 3 months. Does the fact that he agrees to short sale with the lender you exclude? I said, it is best to avoid that you can get the short sale occurs instead of.
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3 comments:
Yes, if the lender accepts a short sale and that gave him time to find a buyer. They are not at this time, every time he made the payments. If you do not pay, ding your credit but not impossible.
The consent of all creditors to reach an agreement on the short side, replacing the definition of scope to make a foreclosure on.
It is selling the idea. However, the lender must agree with him to stop foreclosure.
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