All Foreclosure Logo
All Foreclosure Home Page Foreclosure Discussion Board

I just asked Coutrywide for short-sale, might just walk !!

Posted by Carie on May 27, 2007 at 21:05:14:

I am thinking of walking away from an investment piece of property in Patterson, Ca. We owe 333K, with the pre-pay 343k and it won't even sell for 350k. We have listed it 3x in 1 year to get out of the payment. I have just asked Countrywide for a short-sale to save our credit but am frustarated.We have another loan from Countrywide for our main house, 2 cars and 2 kids. Can they come after us for money or take our other loan away? What are the ramifications of walking away besides bad credit? Thanks ;)

Follow Ups:


Followups are disabled on archived posts 

Name    : 
E-Mail  : 
Subject : 

Comments:

Optional Link URL : 
Link Title        :

honaunau sunset