Posted on: 05th Nov, 2012 01:04 am
I had my home listed for several years on an off, and I never got one offer. But I was trying to get what the appraiser said it was worth. I should have sold it for rock bottom. I was blind to this crash. Now I think that I should rather get a mod and stay... but we all know how unpredictable the mods are. My denial is in appeal according to one party and denied according to another. If I stay for 8 months to a year rent free I can save money but will have destroyed my credit... and I will have to go through the humiliation of the foreclosure.
If your property is listed on the market, then it may lower your chance of getting qualified for a loan modification. The lender may think that you don't want to save the property.
Hi Carvan!
Welcome to forums!
Unless you apply for loan modification, it will be difficult to say what the outcome will be. It will be completely the lender's discretion whether or not he will consider your request.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Unless you apply for loan modification, it will be difficult to say what the outcome will be. It will be completely the lender's discretion whether or not he will consider your request.
Feel free to ask if you've further queries.
Sussane