All Foreclosure Logo
All Foreclosure Home Page Foreclosure Discussion Board

Re: short sale

Posted by NJD on March 29, 2007 at 05:43:01:

In Reply to: short sale posted by Francis on March 28, 2007 at 21:12:59:

"i talk to the mortgage compagnie and they want to go for a short sale"

Each loan your lender services may have different workout criteria. To get information, you should formally request short sale consideration. Send a certified letter to the loss mit department and ask it send a workout application including short sale request, AND the criteria under which a short sale would be considered.

It will either forgive the debt (tax event); voluntarily restructure the deficiency; or pursue a deficiency judgement.

Follow Ups:


Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:

Optional Link URL : 
Link Title        : 


    
    
    
   All Foreclosure Information is the internet's premiere resource about foreclosure, with lists of foreclosures and pre-foreclosure property.  There are also several pages with instructions to stop foreclosure.

honaunau sunset