"Really depends on who the investor is. Some of them will do it while current, however he will have credit issues either way. Have him move into the assisted living first, then do the short sale."
Liesa Gubista's Discussions
New one....Short sale while seller remains current on loan?
Started this discussion. Last reply by Minna Reid Sep 9, 2020. 2 Replies 0 Likes
Hello:I have a new listing for a older gentleman who is legally disabled; can't cut the grass or maintain home. Needs to move to assisted living. He did a mortgage modification five years ago and…Continue
Co-Borrower on a short sale--need help!
Started this discussion. Last reply by Javier Forbes Jul 7, 2017. 3 Replies 0 Likes
Hi All:I have been doing short sales as a paralegal for over five years. I now have my real estate license. I have a potential listing for a property in my area, its will be a short sale. However,…Continue
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Minna Reid replied to Liesa Gubista's discussion New one....Short sale while seller remains current on loan?
Short Sale Superstars LLC replied to Liesa Gubista's discussion New one....Short sale while seller remains current on loan?
"Who's the investor? If he does a short sale while current, his credit still gets dinged big time. It's hit or miss if they allow a short sale while current. It's based on guidelines and if you can show imminent default.
He may want to…"
Liesa Gubista posted a discussion
New one....Short sale while seller remains current on loan?
Hello:I have a new listing for a older gentleman who is legally disabled; can't cut the grass or maintain home. Needs to move to assisted living. He did a mortgage modification five years ago and they added a "promissory note" for $8,153.00 to the loan. For that reason, he owes more on the home than its worth and really has to be a short sale...Issue is, he refuses to stop paying the mortgage because he doesn't want to ruin his credit, assisted living community you need good credit.Mortgage…See More
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- First Name
- annaliesa
- Last Name
- gubista
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- Agent
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- New Jersey
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- Somerville
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- New Jersey realtor and legal secretary. Have been processing short sales for over ten years.
Comment Wall (1 comment)
- At 7:08am on September 21, 2015,
FRANK KWABENA said…
Good Day,
How is everything with you, I picked interest on you after going through your short profile and deemed it necessary to write you immediately. I have something very vital to disclose to you, but I found it difficult to express myself here, since it's a public site.Could you please get back to me on:([email protected] ) for the full details.
Have a nice day
Thanks God bless.
Mr Frank.
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