Loans, Debt & Credit - View Single Post

gnpiazza · 09-10-2009, 07:47 PM

I have not paid my mortgage since 1/2009 due to a lay off. Been trying to work with US Bank on a Modification, they will not do it because of unemployement. I put it up for a short sale and had offer the same day. Now, I am nervous because of the tax liabilities in CA.

So my question is; What is better for me all around, short sale or forecloser?

PLease help, I have to have a response to the offer by tomorrow.

09-10-2009, 07:47 PM	#1 (permalink)
gnpiazza Junior Member Join Date: Sep 2009 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Please help me!!!! I have not paid my mortgage since 1/2009 due to a lay off. Been trying to work with US Bank on a Modification, they will not do it because of unemployement. I put it up for a short sale and had offer the same day. Now, I am nervous because of the tax liabilities in CA. So my question is; What is better for me all around, short sale or forecloser? PLease help, I have to have a response to the offer by tomorrow.