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Permalink Reply by Lora Wilson on December 11, 2013 at 3:46am

That will all be an item of negotiation with PNC's decision to move forward with a Short Sale.  It really depends on the circumstances of your situation, for example, the level of hardship,  whether or not there is MI, is there a first and 2nd mortgage and how much is the shortfall.  I suggest letting your Realtor do his or her job, and then review the short sale approval closely assuming that they do approve it.   I doubt there is a contact that can make a unilateral call on this sort of question.  That decision is all part of the short sale analysis.  You don't have to sell if you don't like the terms, and there is SOME ability to negotiate the decision.  I hope that helps some. 

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Permalink Reply by Drew Ludlow on December 13, 2013 at 9:26am

The problem is going to be this:  An experienced short sale Realtor is going to have the knowledge to answer that question much better than an attorney, but as a Realtor, he/she will not be licensed to answer it.  An attorney will have the authority to answer it, but may not have the experience level to give a definitive answer.

It also depends upon whether or not you hve an FHA or 'HAFA' eligible short sale.

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