My exhusband and I went through the process of a short sell on our house to avoid foreclosure. Does this look the same on my credit report?

My home is trying to go for a short sale to avoid foreclosure. I’m going into foreclosure because I don’t have any money. If the short sale goes through and there is a winning bid, who ends up paying for the closing cost and the Realtors?

A friend of mine stopped paying for their home that is upside down. Now it’s in foreclosure and they received notice of auction date. Do they still have a chance to negotiate with the bank to sell property on short sale? Please advise.

I am considering a short sale on my home in order to avoid foreclosure, but before I proceed, I would like to know how it will affect my credit. Will it be as bad as a foreclosure? How long will it be before a bank will consider loaning me the money to buy another home?

I am planning to short sale my home in order to avoid foreclosure. I need to inform my tenants and perfer them move out during the sale.

If I file bankruptcy, will it stop the foreclosure? We have been trying to sell the house since Jan. We have sent in two short sale offers and both were denied. The house is now in the foreclosure status and I am afraid we are running out of time. Also, if I file bankruptcy, will it affect my ex if he is still on the deed? If so…can he file a quick claim to release his name from it? Will the bankruptcy completely stop the foreclosure…or will it continue with my ex? Is there even an option where I can let the house go, have a clean slate and continue to start over once I file bankruptcy. Will they still go after my ex or just take the house?

If first and second mortgage holders accept a short sale and it falls short of the amount owed can they still seek a judgement even though they choose to accept the offer, especially if the property is worth enough to pay off both loans in full?

I know both are bad on credit, but is the short sale, a teeny bit better, at least? Also, house is not in my name, so my credit won’t be affected… we can use mine in the future to buy a house when we are ready.

if so what do i do if the loan company want stop the sale if there some kind of paper that i can file with the court to stop it? First Franklin is the loan company and they don’t care

Call a realtor now and make sure they have short sale experience. How your mortgage is resolved is really depending on how much experience your realtor is. She/he will negotiate with the bank to figure out who this process will ultimately affect your credit. Keep making your payments on time. The majority of my clients have short sold in the last year with no adverse affect to their credit.