Posted on: 25th Feb, 2010 07:55 pm
I owe 103k on my condo, and have it under contract for 75k with AHMSI. It would just about wipe out my savings, but I have the 28k to pay. However, would it be worth trying to see if AHMSI would agree to short sale, perhaps taking off some of that balance? Or is that a waste of time? Any insight or best guesses would be appreciated. Thanks.
Hi hopefulsc,
It you want to get rid of the property, then you should contact your lender for a short sale. Though, it would be your lender's discretion whether or not he would accept your request. The lender would look into your financial situation before accepting your request. If you can convince the lender about your financial hardship, then the lender can agree to short sale the property.
Thanks
It you want to get rid of the property, then you should contact your lender for a short sale. Though, it would be your lender's discretion whether or not he would accept your request. The lender would look into your financial situation before accepting your request. If you can convince the lender about your financial hardship, then the lender can agree to short sale the property.
Thanks