A lot of what I'm reading in terms of getting your short sale approved (like once an offer comes in and you submit everything) says that you'll need to be late on payments to show that there is in fact a hardship. According to the person I talked to at Countrywide, that's not the case. ?
I sent out a mass email to a bunch of Countrywide people (found the list online) and actually got a phone call from someone the other day. I had wanted to do a DIL but they said the house has to be listed for 90 days on MLS first, so we're going to do that and if a short sale works out then fine. She said missing payments was not necessary to get a DIL approved either. Any experiences w/getting a short sale approved w/o having missed any payments? We feel this would be better for our credit score either way, if we can avoid missing any payments. We do have a hardship which is the loss of half our household income, but by using savings and etc. we can continue to make payments..
But I've been thinking, would they really tell me, yes, stop making payments..? I mean the longer they keep me making payments the better it is for them right? But maybe I'm overthinking it.