Is a real estate short sale an option for me?
August 10th, 2009
Hi everyone – I am going through a lot nowadays. I’m single and expecting a baby in Jan. I am late on my house payments and don’t want a foreclosure – I am very scared. I spoke to my Realtor and she offered to do a short sale in which instead of losing my house I would find a buyer for my house for less than I owe, which is about about $405,000, on it and since homes are down right now I can’t even sell it – I will lose money if I do. Is anyone familiar with this please help – I need advise. Thank you.
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