Posted on: 10th Nov, 2009 05:05 pm
I am loosing my house they have not sent the forclouse papers yet can I sell my house?
Hi Bromranch!
Welcome to forums!
You can definitely sell off your property. You will have to list the property in the market to check out if you can get buyers for it. You can even apply for a short sale with your lender. Though you sell off the property through a short sale, you would be responsible for paying off the deficient amount to the lender. Moreover, your credit may get lowered by 75-100 points.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can definitely sell off your property. You will have to list the property in the market to check out if you can get buyers for it. You can even apply for a short sale with your lender. Though you sell off the property through a short sale, you would be responsible for paying off the deficient amount to the lender. Moreover, your credit may get lowered by 75-100 points.
Feel free to ask if you've further queries.
Sussane
unquestionably, if you are able to sell a home prior to a foreclosure, a lender will generally be happy to work with you. even in a short sale situation, the lender will find itself better off than if it has to proceed with a foreclosure action.
