Guest
asked 10 months ago
2 Answers - Sort by: Date | Rating
If the short sale took care of the amount remaining on the mortgage, then you may find a lender willing to work with you.
Although the short sale will show on your credit report, it is not as bad as the damage a foreclosure would would cause to you possibilities.
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Can a person own property in one state (A) and short sale on a property in another state (B) without losing the property in state (A)? I bought a very inexpensive condo near my ailing mother in Ariz, with plans to sell my home in CT for a large profit. The appraised value of home in CT is $10 more than I own. My CT house has been on the market for 2 months (at less than I owe) and no offers. I must retire from my job as of July 1and move to where my mom is in Ariz to help her (I'm a nurse). I am now in the process of doing a short-sale, but I fear losing the house in AZ. Can my lender take the AZ property or put a lien on it or make me sell it?
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Guest
answered 7 months ago
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