I often read articles that are worth distributing to our readership! In the financial crisis that our country is currently in, I feel this article is most appropriate to pass along to our readership.
Question: Should We Stop Making Mortgage Payments to Do a Short Sale?
A reader asks: “Should we stop making our mortgage payments while our home is on the market as a short sale? We’ve tried to do a loan modification with our lender, but our application was denied because we were current. The lender said if we were in default, it would help us. But we owe so much more than our home is worth, I’ve lost my job and really can’t afford to keep making payments. Can you help us?”
To continue reading the article written and published by By Elizabeth Weintraub, About.com
For fore information, contact your REALTOR at Badger Realty, LLC, PO Box 750, North Conway, NH 03860; 603-356-5757; Info@BadgerRealty.com