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Re: Need advice on "short selling" a house.


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Posted by JJ on November 16, 2001 at 19:25:08:

In Reply to: Need advice on "short selling" a house. posted by Tricia on November 16, 2001 at 15:21:59:

All they are saying is they'll let the transaction take place. They will sure come after you for the "short sale" proceeds. A real estate writeoff and an auto repo are the 2 worse things you can have ona credit report. I'd borrow the money or get a cash advance on a credit card and pay off that short sale promptly if you ever want to get a mortgage at conventional rates in the near future.


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