Loan Modification Forum - LoanSafe.org - View Single Post - What information will the bank need to decide whether to accept a short sale?

csb2008 · 08-25-2008, 08:50 PM

May I please ask a question regarding a short sale? if you are lucky enough to make it through the above mind field and come out not owing your life! can you please advise as to what is reported to the credit companies? Is there life after a short sale as far as home purshases in the future? Or is the report as negative as a foreclosure?
Thank you so much!
Cindy
My Broker has shared with me the mind fields, but not once mentioned I may be held responsible for any amounts when over?

08-25-2008, 08:50 PM	#2 (permalink)
csb2008 Member Join Date: Jul 2008 Posts: 18 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: What information will the bank need to decide whether to accept a short sale? May I please ask a question regarding a short sale? if you are lucky enough to make it through the above mind field and come out not owing your life! can you please advise as to what is reported to the credit companies? Is there life after a short sale as far as home purshases in the future? Or is the report as negative as a foreclosure? Thank you so much! Cindy My Broker has shared with me the mind fields, but not once mentioned I may be held responsible for any amounts when over?