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Reload this Page Seller's short sale situation: advice please!
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Old 10-16-2009, 04:28 PM
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I have no sense of the "hardship" in this particular situation.

Just tossing this out there.....for discussion purposes:

What happens if the OP "suddenly" becomes current on his mortgage?
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Old 10-16-2009, 04:36 PM
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Originally Posted by middle-aged mom View Post
I have no sense of the "hardship" in this particular situation.

Just tossing this out there.....for discussion purposes:

What happens if the OP "suddenly" becomes current on his mortgage?
Interesting strategy. May be worth a shot if OP can get the funds to make back payments.
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Old 10-16-2009, 08:17 PM
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Do you have a short sale addendum to your contract? What does it say?
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Old 10-16-2009, 09:39 PM
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seriously need to discuss with an attorney. it is a ratified contract....

shelly
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Old 10-18-2009, 06:16 PM
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Is he paying cash? Or can the house appraise at 'full value', which I'm assuming to mean that he will pay the mortgage, any past due, all closing costs and the Realtor® fee? Those are things to make sure of before messing with anything, but I too would advise speaking with an attorney. No one can force you to go through a short sale when you no longer need to.
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