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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 11:01 am to Tiger4Ever
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
1
Posted on 1/6/13 at 12:31 pm to VABuckeye
It was a short sale in lue of foreclosure and a smart money move to make after over a year of attempting to work things out with the lender. They said I made too much to adjust my principle or lower the interest rate, so I gave them their precious house back. Everything was 100% legal and it came with consequences. I mean, my credit score went from 810 down to 690 because of this. 
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