Short Sale Question

tammyandmarc · Joined: 26 Jun 2008 Posts: 1 1.63 Dollars($)

Hi --- I have had my townhouse on the market since April of 2006 with a couple offers, but nobody qualifies for the loan. It is in Cambridge, MN (30 minutes north of Minneapolis) It is appraised at $152,000 and I currentlly have it listed at $109,500. I have a first with Chase and a second with Countrywide. Has anyone else heard that Countrywide does not do shortsales??

gmakerley · Posted: Thu Jun 26, 2008 2:16 pm Post subject:

i've not heard that.

larry · Joined: 27 Jun 2007 Posts: 3328 473.40 Dollars($)

Hi tammyandmarc .

Welcome to the forum.

You need to contact with Countrywide again. They do accept short sale but it may take a bit time. You can hire a real estate agent who has the experience on short sale. He may help you out.

Feel free to ask if you have any more questions

Best of luck,
Larry

brian1 · Posted: Fri Jun 27, 2008 6:09 pm Post subject:

SECONDS do not like to do Short Sales
CW does short sales... They just dont want to agree to get cut out of the picture.........

Good Luck
Brian

smaildaytoday · Joined: 15 Oct 2007 Posts: 52 0.14 Dollars($)

What is the short sale ?

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