You Don't have to go Delinquent to Short Sale Your Home

That's right. I read this article where it states that homeowners to soon be able to sell their home (short sale) even if they are current on their mortgage. Now it does still affect your credit so, I wouldn't do a short sale if it is not absolutely necessary but, if you have no choice and you are underwater on your mortgage (your home is worth less than what you paid for it) then, this may an option for you.



http://realtormag.realtor.org/daily-news/2012/10/24/nondelinquent-borrowers-soon-be-eligible-for-short-sales?om_rid=AACLfE&om_mid=_BQiDNaB8uxylQP&om_ntype=RMODaily


Til next time,

JC