How Long Can I Stay in My House and Other Underwater Mortgage Questions Answered

A. A short sale is when your mortgage holder accepts a "short payment"meaning the

mortgage holder agrees to accept what your house can sell for as opposed to the amount of the mortgage. This is a tricky process, and you need to be on top of it every step of the way if you take this option to deal with your underwater mortgage! You need to hire a professional Realtor who specializes in short sales, as a lot of Realtors are not educated in negotiating a short sale with your lender. Don't worry, we can help you weed through the mountains of Realtors and really find a good one who knows the ins and outs of a short sale. Not just anybody can accomplish a short sale. Feel free to contact us and we'll help you with that.

How Long Can I Stay in My House and Other Underwater Mortgage Questions Answered

By: Bud Gragg

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