Posted on: 15th Dec, 2010 06:15 pm
what guidelines are they following for short sales. Considering banks really just now start doing them.
Hi Guest!
Welcome to forums!
The lender will consider your request for a short sale only when you're delinquent on your mortgage payments. Moreover, you'll be liable for paying off the deficient balance resulting from the property sale. This will affect your credit score and lower it by 75-100 points.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The lender will consider your request for a short sale only when you're delinquent on your mortgage payments. Moreover, you'll be liable for paying off the deficient balance resulting from the property sale. This will affect your credit score and lower it by 75-100 points.
Feel free to ask if you've further queries.
Sussane