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ShadowecR · 02-09-2009, 02:24 PM

Thanks ***,

After looking around more, I see that these two forms are required with an FHA loan being aproved for short sale.

What I want to make sure of, is that me signing these forms has nothing to do with me saying "I agree to being responsible for the difference." (like in a promissory note).

As far as the other, no we can't afford both the full mortgage and saving for a new car and moving expenses. we can only afford 500. of the full 850. monthly payment in order to ready for our out-of-state relocation. I guess my question really is, how do you think the lender (GMAC) will "treat/handle" our situation? Will they fight us on it, or will them accept the fact that we're moving, thus that money is allocated elsewhere, and be willing to accept a short sale offer? What are your thoughts.

Thanks for all your help and insight...

~E

02-09-2009, 02:24 PM	#5 (permalink)
ShadowecR Member Join Date: Jan 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Stating the process, with GMAC Thanks ***, After looking around more, I see that these two forms are required with an FHA loan being aproved for short sale. What I want to make sure of, is that me signing these forms has nothing to do with me saying "I agree to being responsible for the difference." (like in a promissory note). As far as the other, no we can't afford both the full mortgage and saving for a new car and moving expenses. we can only afford 500. of the full 850. monthly payment in order to ready for our out-of-state relocation. I guess my question really is, how do you think the lender (GMAC) will "treat/handle" our situation? Will they fight us on it, or will them accept the fact that we're moving, thus that money is allocated elsewhere, and be willing to accept a short sale offer? What are your thoughts. Thanks for all your help and insight... ~E