Do banks approve short sales in employment re-locations? Many homeowners who are upside down in their CT home but able to keep up their mortgage payments and are just riding it out come to a crossroads when they need to move for work. While their payments may be comfortable, coming up with tens or even hundreds of thousands of dollars to break even on the mortgage is not. Unfortunately there are few choices:
Acquire the money to pay off the loan
- Become unwilling landlords
- Attempt a short sale
Last Updated on September 19, 2017 by Minna Reid
Will short sale effect your credit for future homes buying ?
Yes a short sale will negatively affect your credit. More on the here: https://reidrealestategroup.com/will-short-sale-affect-credit/