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re: Short Sold A Spread 2 Years Ago, When Can I Refinance My "New" Mortgage?
Posted on 1/6/13 at 9:15 am to ItNeverRains
Posted on 1/6/13 at 9:15 am to ItNeverRains
FWIW, that isn't a short sale...it sounds like a dation en paiement if the property was turned over directly to the bank in lieu of payment.
1
Posted on 1/6/13 at 11:01 am to Tiger4Ever
Yeah, not making payments for 6 months and then turning the house over is more like a foreclosure. In a short sale there is actually a buyer to purchase the property at a lower price than the loan balance.
OP is going to have to wait more than 3 years. More like 7.
To the OP. Aren't you the guy in the Christmas presents thread that was bragging about bringing home $350k a year? But you walk away from a commitment instead of working something out? Tells me a lot.
OP is going to have to wait more than 3 years. More like 7.
To the OP. Aren't you the guy in the Christmas presents thread that was bragging about bringing home $350k a year? But you walk away from a commitment instead of working something out? Tells me a lot.
This post was edited on 1/6/13 at 11:04 am
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