I live in San Diego with my wife and daughter and we are underwater on our

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I live in San Diego with my wife and daughter and we are underwater on our

I live in San Diego with my wife and daughter and we are underwater on our condo. We want to short sale and move into something bigger with co-sign help from family. We are current on our monthly payments, but we are curious if we should stop our payments now in hopes of saving the money and expediting the sale. Any help you can give would be much appreciated.

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Anonymous (not verified)
3-03-2011

2 Answers

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Older

Newer

Hi Guest, Deliberate non-payment of mortgage debts may not help your situation. If you cannot convince your lender about your financial hardship, then the lender won't consider your request for a short sale.

Comment

adonis | Asked on 2011-12-22

Your credit will be ruined, inhibiting you from getting another mortgage soon, even with assistance of co-signers.

Comment

raymond | Asked on 2011-12-23

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