Posted on: 24th Mar, 2010 12:00 pm
my house just got approval for short sale and the second has charged me off will I still be responsible for the loan to pay off the rest or do I need a lawyer to help me with this because I trully was put into a house that i couldn"t afford so to that guy whats his name talking S__-t Have a nice day B-----
welcome reggae,
after the short sale is over, your first lender will ask you to pay off the deficient balance resulting from the sale of the property. as far as the second mortgage is concerned, it has been charged off. the collection agency which has taken up your account will contact you and collect the dues from you.
after the short sale is over, your first lender will ask you to pay off the deficient balance resulting from the sale of the property. as far as the second mortgage is concerned, it has been charged off. the collection agency which has taken up your account will contact you and collect the dues from you.