Forclosre or Short Sales?
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My suggestion would be as follows:
1. Talk to your current lender and see what can be done. They are probably more willing to work out something with you, especially if you explain your situation.
2. If you can't work out something witht he lender, then go to a real estate investor like myself who might be willing to purchase the property creatively and thereby saving your credit.
Hope that helps
Forclosre or Short Sales?Looks like someone did you un justice when they sold you the property. A short sale is almost like a foreclosure. You are not holding up to your side of the contract. You would have to find someone willing to pay you as much as possible and submit the contract to the lender and see if they would be willing to accept that as payment in full. Your other option would be a "Deed in Lue of Foreclosure". That would be where you would voluntarily give the lender back the property and accept it as payment in full for the mortgage. Be sure if you do that you get something in writing from them showing proof that it won't be recorded as a foreclosure.
Any way it goes it won't be good for you but much better than a foreclosure.
Good luck,
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