I have a couple of questions regarding short sale.
Firstly, we are not deliquent on our home payments...yet!
Do we have to be before considering fshort sale.
Secondly, up until June my husband was making very good money (over and above his pension that he gets now)..if the short sale package asks for last 2 years of income tax and last 6 months of bank statements he is concerned that the lenders would not consider a short sale. We are underwater quite a bit on our mortgage.
Our mortgage was based entirely on his monthly pension which was sufficient at the time. However, since we purchased the home in 2006 we have had a huge financial debt put on us,.. hence that is why he has been working....to cover this financial debt. He is self employed so his work comes in fits and spurts and outlook for the next several months is very gloomy.
So, I guess Im asking even though his income tax would show he made sufficient monies and we included the financial debt that we incurred after the home purchase will they consider a short sale.
We have a seasoned realtor who is willing to market the home for us.
We live in Florida....citizen is our lender...and fannie mae is listed somewhere on our documents!
