Login | Register
GreatRealtyUSA
 HomeTestimonialsFind a RealtorArticlesGlossary
What's up on the Realty market?Enter city or zip:
Real Estate prices last Quarter (USA).
Do you know what "MLS" means?
 
 » Buy and Bail: A Solution to an Upside Down Mortgage?

Buy and Bail: A Solution to an Upside Down Mortgage?

Topic: Mortgage

Please provide us with your opinion on this article:
Your name:
Comment: 
Please register or login    

naru
A short sale will lower your credit score by 100 or more poitns.You do need to show a hardship to the lender in order to qualify or get the ok from the lender to short sale your house.Short sales are NOT a quick way to get out of your house. Banks notoriously will sit on offers for months and sometimes not even approve of any of them in the end, which will send you into foreclosure if you stop paying on the mortgage.My guess is, if you cannot show a hardship, you are not going to be granted a short sale.You also would not be buying another house anytime soon with a short sale on your credit report.Just because you are underwater does not mean you can get out from under your obligation.
read more... 05/01/2012

Read all comments: 1

 

See also:

The Federal Housing Administration (FHA), in a report due out Friday, could disclose that its reserv...
» Mortgage11/16/2012
 
As homebuilders gain confidence and real estate agents claim demand is back, one would think investo...
» Mortgage08/07/2012
 
The FBI was aware for years of "pervasive and growing" fraud in the mortgage industry that eventuall...
» Mortgage06/25/2012
 
 

  
 Real estate TOP:  •Austin, TX real estate 🛍 ☪ ✡ 🎭 🍏 🍔 ☕ ⛽ 🦄    •Chandler, AZ real estate 🍔 ☕ 🎭 ⛽ 🦄 ✡ 🍏 🛍 ☪    •Gilbert, AZ real estate 🛍 🦄 ☕ 🍔 ⛽ 🎭    •Round Rock, TX real estate ☪    •Plano, TX real estate 🍏    •Jacksonville, FL real estate ⛽ ✡ ☪ 🛍 🎭 🍔 ☕ 🍏 🦄    •Portland, OR real estate ✡ ☪ 🍏 🍔 🦄    •Frisco, TX real estate   •Tampa, FL real estate 🦄 🍔 🎭 🛍 ☕ ✡ ⛽ ☪ 🍏    •Denver, CO real estate ✡ ☪ 🛍 ⛽ 🍏 🍔 ☕ 🎭 🦄    •Sacramento, CA real estate ☪ ✡ 🍏 ⛽ 🎭 🍔 ☕ 🛍 🦄    •Houston, TX real estate ☪ ✡ ☕ 🍏 🍔 🎭 ⛽ 🛍 🦄    •Vancouver, WA real estate ☪ 🛍 🍏 ✡ 🍔 ⛽ ☕ 🎭 🦄   

(c) GreatRealtyUSA.com - all about real estate things and people. From cabin selling to residential brokerage.
All rights reserved.
Home  |    |  Realtors testimonials  |  Sitemap  |  675 ZIPs updated