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Loan was charged off can I proceed with short sale that was in progress before loan was charged off.

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derondadinkins Joined: 21 May 2010 Posts: 1 1.00 Dollars($)	Posted: Fri May 21, 2010 11:40 am    Post subject: Loan was charged off can I proceed with short sale that was Like 0 Dislike 0 I spoke with rep. from lender they said they would not be foreclosing due to value in home. He went on to say company will be spending more money for proceedings and probably still could not sell it. He said the home is really yours, you are still responsible for the taxes. So if it is mine, can I still short sale and work out deficiency balance with company later.
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Fri May 21, 2010 10:08 pm    Post subject: Like 0 Dislike 0 Hi derondadinkins, Your loan has been charged off and the collection agency will want to collect the dues from you. As far as I know, you can short sale the property and pay off the collections. Thanks

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