Posted on: 24th Jun, 2009 07:15 am
I own two properties, my primary resident is up for loan modification and the townhouse is being rented out. We put the townhouse on the market to do a shortsale. We are unable to pay the mortagage on the townhouse. we are 2 months behind. My husband was laid off Jan.6 2009. Should we be concerned about trying to catch up the townhouse mortgage if we are short saling it?
klove88
If you are nto current on the payment after 60 - 90 days the lender will report this to the credit reprotign agencies.
Good luck
If you are nto current on the payment after 60 - 90 days the lender will report this to the credit reprotign agencies.
Good luck