These are not in order of what people think but I bet when you read the following 5 of 10 statements about short sales & foreclosures that you will SO SO recognize some of these.
- I know at least 5 people that have bought & bailed, is it REALLY illegal? It is illegal (but I am not an attorney). Try not to judge people because we don't always know their exact personal situation & if that is what they really did.
- Why am I the last person of ALL my friends to let my house foreclose or do a short sale? You're not the last one, it may just feel like that.
- I have tried at least 3 times to get my lender to modify my loan but they won't do it. (not fair) I say try again. Patience is a virtue & sometimes lender's will change their internal requirements & not really tell us customers about their new "rules".
- I don't have a hardship, why would the bank let me short sale my home? Believe it or not, I have heard of people short saleing their home without a hardship. Remember, what is a hardship to one family might not be a hardship to another one.