 |
Walk away from housing loan?In: Real Estate |
[Edit] |
[Edit] 
If you mean a home loan, try a "short sale." You call the loan carrier and get his consent to allow you to sell the home for less than the mortagage you owe, in exchange for the lender's erasing any outstanding debt. You can handle this yourself, but you might need a broker to handle it. in this market, the lender will probably agree to your terms (he'd be stupid not to). Your credit will be saved this way. Good luck.
First answer by ID1124843489. Last edit by ID1124843489. Question popularity: 3 [recommend question]
|
Also see on Answers.com
Research your answer: |
Can you answer other
questions about real estate?
- What kind of business license do you need for real estate?
- Which is the best store to get hats in miami?
- How was the Communist Party organized in Russia?
- How can you obtain second and third equity lines of credit from two seperate lenders while still oweing the original lender for the mortgage on one house?
Answers.com > Wiki Answers > Categories > Business and Finance > Real Estate > Walk away from housing loan?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
Walk away from your loan?
