To Miss or Not Miss Payments - Short Sale Certification
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Bank: Stay current on your mortgage.
Homeowner: I need to sell to move to a new area. But am underwater.
Bank: We don't consider short sales unless you are delinquent.
Homeowner: Okay, I won't pay. Here's an offer for market value.
Bank: Great, we'll counter above market value and, oh, by the way, in order to close this short sale, you need to be current with your payments.
Homeowner: Here are the keys, I'm moving to (state).
Bank: Anybody want to buy this house for 25% under market?
jofantioch 1 year ago