Posted on: 30th Jul, 2010 01:33 pm
My mother just put a short sale on her house. She has been late on several payments but is now able to catch up. She was to stop the short sale but she's not sure if the lender will allow her or will there be a penalty charge for stopping it. What should she do?
Hi Rodriguez,
If your mother wants to stop short sale, she should immediately contact the lender. I don't think there would be any penalty charge for stopping the short sale. Rather, the lender will ask her to pay off the delinquent amount along with the late fess in full. This will help her in saving her property.
If your mother wants to stop short sale, she should immediately contact the lender. I don't think there would be any penalty charge for stopping the short sale. Rather, the lender will ask her to pay off the delinquent amount along with the late fess in full. This will help her in saving her property.