is a short sale possible on loans that are previously modifi

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katarina

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PostPosted: Thu Nov 12, 2009 1:38 pm    Post subject: is a short sale possible on loans that are previously modifi

If I have modified loan, and in 5 years I want to sell my home, but I am still upside down. What my options?
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jameshogg



Joined: 20 Dec 2005

Posts: 5167
Location: nevada
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PostPosted: Thu Nov 12, 2009 7:52 pm    Post subject:

Hi katarina,

As far as i know, it is possible to short sale the property though your loan has been modified earlier. You will have to list the property in the market in order to get buyers for it.

Thanks
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