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The Realtor did not do the short sale properly... they say we owe them money now
I hope you can help us resolve this problem. Specialized Loan Services is our second mortgage company whom is still holding us liable for the debt even after our short sale of the home. This is based on a contingency that my husband was unaware that he signed and our Realtor didn't explain. We have contacted Specialized Loan Services on several occasions to set up payment arrangements but to no avail they will not negotiate with us. Meanwhile, our credit is in ruins each month that goes on. If there is anyway that you can negotiate on our behalf or help us to get a modification program feel free to call with suggestions. Our loan is $ 10,000. behind and loan amount is $67,000.
Comments
Was the problem ever resolved. I was under the impression that with the shortsale they would either give us a 0% loan over 15yrs to pay off what we are short or give us a 1099 and show it as income.
Please respond ASAP we are in the process now and hopefully will be done by the end of the mo.