Posted on: 22nd Sep, 2010 07:38 am
I have been told that the real estate company will only accept a payment of 11,000 dollars -- and that my only optiions are pay this, short sell, or possible deed in lieu. Are these my only options and if so which is best?
Welcome Guest,
You can negotiate with your real estate company so that it reduces the settlement amount such that it becomes affordable for you to pay off the balance. In case, the real estate company does not agree to it, then you should opt for a deed in lieu of foreclosure. This will help you in selling off the property and you will not be liable for paying the balance amount.
You can negotiate with your real estate company so that it reduces the settlement amount such that it becomes affordable for you to pay off the balance. In case, the real estate company does not agree to it, then you should opt for a deed in lieu of foreclosure. This will help you in selling off the property and you will not be liable for paying the balance amount.