Posted on: 11th May, 2010 07:00 am
If I am retiring, and my income will be half of what it is now, and am upside down on mortgage, not late, or behind, and wish to sale the home and move, what is my best option
Find out what the true market value is, attempt to sell it for as much as you can, and notify the lender that you may be in a short sale situation. You'll need to convince the lender of that, and you'll need ammunition to do so. Speak with a realtor(s) to try to determine value and hope that you get as much as you can to avoid the short sale if possible.