Posted on: 09th Jul, 2009 07:18 am
i have been sued by the second mortgage. my home is in the process of being sold (short sale). the second mortgage agreed to remove the lien if given 10,000 but we are still liable for the debt.
what is the best option for me to do. one just go through with the short sale. #2. stop the short sale and let it just go into foreclosure. 3 file bankruptcy. i have been trying to avoid #3. it looks that my credit is already destroyed and bankruptcy will not make it worse.
what is the best option for me to do. one just go through with the short sale. #2. stop the short sale and let it just go into foreclosure. 3 file bankruptcy. i have been trying to avoid #3. it looks that my credit is already destroyed and bankruptcy will not make it worse.
Devarim818
Welcoem to the forum
Suggest you to go with option #1 and try to negotiate the amount with your second
good luck and feel free to ask
Welcoem to the forum
Suggest you to go with option #1 and try to negotiate the amount with your second
good luck and feel free to ask