Posted on: 30th Aug, 2009 02:56 am
I believe we are eligible under the MHA for a HAMP program, but engaged a RE agent to do a short sale before details emerged on this program. I had tried to do a modification directly with Countrywide the end of last year to no avail. B of A is now "in charge" and is moving very quickly on the short sale (30 days to close). I feel like HAMP would work for us, and as we have no alternative housing and escrow must close soon are we eligible for relocation benefits?
Note: the home is set to sell for less than half of what it was appaised for exactly two years ago, and we are also deep in debt due to my wifes disability.
Note: the home is set to sell for less than half of what it was appaised for exactly two years ago, and we are also deep in debt due to my wifes disability.
call the bank and tell themyou want to stop the short sale process and would like to discuss the alternative option