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On a short sale, what can I expect them to take to allow me to sell the house?
December 31, 2007
We live in Oklahoma. Our mobile home is in Michigan. We have tried to sell it, but can no longer keep paying for the lot rent, insurance, up-keep of the lawn, and the mortgage payment for a second home that is vacant. We have been offered $8,000 on a loan of $27,000. IndyMac Bank has told us they might turn this offer down because it is too low. What can we do?
Comments
Where is your MI home located?
I have a listing property with two offers on it, we started a shortsale process after the forclosure date which was back on Oct of 2008...I have told to contact the REO department for logistics with these offers...Called the Customer services but have no references.
Anyone looking for a Loan Modification seeking first reliable trustworthy specialist contact me rose _ docherty at yahoo dot com. I can get a rate lowered, payment lowered, forgive past lates and fees and even may reduce principal on mortgage. As long as the sheriff sale has not taken place I can help you save your home. If you have been on time or get behind I can get you a rate no higher than 5% and as low a 2%. Any situation that shows a hardship as well, can be done.
Can you help us Rose. They are going to sell our home June 23, 2009. The sheriff sale has not took place yet.