Posted on: 06th Aug, 2009 07:53 pm
DEAR SIR/MADAM,
WHAT HAPPENS IF AFTER 6MO. OF INACTIVITY BY THE BANK, WE CHANGE OUR MIND ON THE SALE OF OUR FLORIDA CONDO? THIS WAS SUPPOSED TO BE A "CLEAN SHORT SALE" WITH NO SURPRISES. HERE WE ARE 6MO LATER AND THE BANK HASN'T EVEN APPRAISED THE PROPERTY YET
WHAT HAPPENS IF AFTER 6MO. OF INACTIVITY BY THE BANK, WE CHANGE OUR MIND ON THE SALE OF OUR FLORIDA CONDO? THIS WAS SUPPOSED TO BE A "CLEAN SHORT SALE" WITH NO SURPRISES. HERE WE ARE 6MO LATER AND THE BANK HASN'T EVEN APPRAISED THE PROPERTY YET
jmicc7525
If you have applied for short sale approval and bank has not responded, you just need to call the bank and tellthem that you are no longer interested in short sale and stop the process
Good luck and feel free to ask
If you have applied for short sale approval and bank has not responded, you just need to call the bank and tellthem that you are no longer interested in short sale and stop the process
Good luck and feel free to ask
Hi jmicc,
Did you contact your lender after you requested for a short sale of your condo? If not, then you should contact them immediately and check out whether or not they are interested in short selling your property. If your lender is not ready to short sale the property, then he may start foreclosure proceedings as you must be 6 months late on your mortgage payments.
Thanks
Did you contact your lender after you requested for a short sale of your condo? If not, then you should contact them immediately and check out whether or not they are interested in short selling your property. If your lender is not ready to short sale the property, then he may start foreclosure proceedings as you must be 6 months late on your mortgage payments.
Thanks