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Posted by NJDave on June 24, 2009 at 10:36:16:
In Reply to: confused posted by ltip on June 24, 2009 at 10:13:56:
Talk to your real estate broker, then price the home to sell.... even if it is worth less than you owe. If you do owe more than its worth, you'll need a lender approved short sale.
Visit a local library, or a well stocked book store and read Fight Foreclosure! How to cope with a morgtgage you can't pay, Negotiate with your lender, and Save your home! (Wiley2008). It discusses the short sale process in depth, including how to interview, and then select a broker to help with your short sale. www.spoch.org