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question on a shortsale

Posted on: 19th Jul, 2009 03:21 pm
i have a shortsale offer oy house that is 47,000 under what i owe. i am not in default but i have medical reasons to get out of my home. i have2 story home and i have had a stroke and the stairs are cippping me. i do hav a ve e a letterfrom my doctor verifying that what r my chances of aacceptance? i hear it can takeup tp 90 days for answer
sincerely,
janelividinir
hi jane,

it is very bad to hear that you are facing bad time.

because of increased number of such cases, short sale process really takes time. you can discuss your case with your lender.
Posted on: 19th Jul, 2009 08:38 pm
most definitely you want to discuss your situation with the lender. you'll need to be able to document the reasons for a short sale - is the market so poor that you simply cannot sell the home for its current value? you'll also want to document your physical condition, as the lender may be more disposed to assist you based on that, as well.
Posted on: 20th Jul, 2009 08:18 am
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