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pohac77 · Joined: 09 Oct 2009 Posts: 1 1.32 Dollars($)

hello everyone, I'll get right to it. If I short sale my house do I call GMAC, mortgage holder, first or should I find a real estate agent first? Loan is only 65k....only loan on the house.

thanks,
takin on water

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Better to find a realtor who has experince in short sale

They can help you in the entire process on how this needs to be handled and also negotiate with the lender

jenkin7 · Posted: Sat Oct 10, 2009 3:38 am Post subject:

Hi pohac,

If you want to short sell the property, you need to contact your lender i.e. GMac first. In order for the short sale to go through, you need to get your lender's approval. If they do not have any problem with the short sale, you can contact a real estate agent and list the house in the market for the short sale.

leeelliot61 · Joined: 13 Sep 2009 Posts: 188 0.01 Dollars($)

Jenkin is right.

do not be in hurry. intimate to your lender first. lender is also a interested party as they have given a mortgage to you.

dollylee9 · Joined: 19 Jul 2009 Posts: 63 -0.14 Dollars($)

For shortsell you definately want to contact lender and discuss the matter with lender will definately help you.

Take care
Best of luck

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