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Short Sell

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hbhomesearch Joined: 18 Dec 2009 Posts: 1 1.25 Dollars($)	Posted: Fri Dec 18, 2009 4:06 pm    Post subject: Short Sell Like 0 Dislike 0 Do you have to be in default to short sell your home? Can I continue to make payments on my mortgage to keep the defaults off my credit report as much as possible?
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Fri Dec 18, 2009 10:23 pm    Post subject: Like 0 Dislike 0 Hi hbhome, It is not necessary for you to be in default in order to short sell the property. However, some lenders do require a borrower to be in default before they accept a short sale offer. Talk to your lender regarding this and explain your current financial hardship. Also, inform them about your intention of making your regular payments till the time the house is short sold.

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