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 sslarson03
Joined: 28 Feb 2009
Posts: 1
1.36 Dollars($)
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 Posted: Sat Feb 28, 2009 10:13 am Post subject: Hello Eugene |
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| I have a rental property and Countrywide is the mortgage holder. I had it on the market for a year without even one request for a showing let alone an offer. During the year we dropped the price by 15% to a point where we would have broke even. We can no longer afford this property and are adament about not contributing one more dime to this property. In 2007 alone we put $14k of our own money into the home for repairs. I would prefer to work with the bank and do a short sale but if I can't sell it we will need to let it go into foreclosure...who should I talk to at Countrywide? Thank you. |
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jameshogg
Joined: 20 Dec 2005
Posts: 5203
Location: nevada
651.69 Dollars($)
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| Posted: Sat Feb 28, 2009 11:43 pm Post subject: |
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Hi sslarson,
If you are delinquent in your payments, you can apply for a short sale by writing a hardship letter to the lender. You may even contact the customer care department of the lender in order to inform them that you want to go for a short sale. If the lender is convinced by your hardship, he may accept your request.
Thanks |
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evolovik26
Community Experts
Joined: 15 Aug 2007
Posts: 538
Location: Minneapolis
28.93 Dollars($)
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