(not for me)
I am trying to wade through a lot of info right now to help out a family member who is not doing well and does not seem to be helping himself much.
He is underwater, but not by a ton (~$20K) and needs out of the house. He does not have the 20K to pay the balance and I don't want to have to put down that cash for him.
Has anyone started a short sale process? How do you even begin?
Homeowner is planning on moving out of the state and then renting. Credit is already pretty low so taking a hit is not an issue.
Any thought on how to get started on this if he goes this route?
I am trying to wade through a lot of info right now to help out a family member who is not doing well and does not seem to be helping himself much.
He is underwater, but not by a ton (~$20K) and needs out of the house. He does not have the 20K to pay the balance and I don't want to have to put down that cash for him.
Has anyone started a short sale process? How do you even begin?
Homeowner is planning on moving out of the state and then renting. Credit is already pretty low so taking a hit is not an issue.
Any thought on how to get started on this if he goes this route?