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

theylive · 04-19-2009, 08:41 PM

I have been late two months now and I am in the process of getting "approved" for a short sale through CW. I told them that I was not going to pay the mortgage during the listing period and they told me that was fine. Will they still send a NOD letter and foreclose on me even if I am trying to work a short sale? In other words, does this by me more time not paying the mortgage? I hope I'm making sense.

04-19-2009, 08:41 PM	#12 (permalink)
theylive Senior Member Join Date: Feb 2009 Location: Florida! Posts: 35 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? I have been late two months now and I am in the process of getting "approved" for a short sale through CW. I told them that I was not going to pay the mortgage during the listing period and they told me that was fine. Will they still send a NOD letter and foreclose on me even if I am trying to work a short sale? In other words, does this by me more time not paying the mortgage? I hope I'm making sense.