D.C. Area Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
short sale specialist?
I am looking for someone who is specialized in short sales. DH and I are trying to figure out if we have any options with our current house, as we are good in our credit, on payments...
you & me
My Blog
Re: short sale specialist?
no recs but wanted to say good luck. we are in va and talked to someone about it and are not even close to being eligible and bascially they said if you have done everything right you can't shortsale.....
maybe MD is different though
How much equity do you have? Did you put anything down? You say you've lost 100K, but are you 100K under the value of the home too? The short answer to what you do now is you stay put or your bring the difference to closing. If you have $ in the bank, the mortgage lender isn't going to agree to a short sale. You hear a lot about short sales, but there are also plenty of people who are getting out from underwater homes by bringing the difference to closing. I understand if you can't do this---lots of people can't---but it's not impossible to imagine that they or you could.
The question of whether you walk away, do a short sale, etc. really is a business decision in the end. You have to decide what's worth it. Noone has a crystal ball for the future, so you're really just making an educated guess about whether the hit to your credit is worth it or not. Keep in mind that credit can also affect that jobs that you have (e.g., security clearances) in some cases.
I also disagree that you're "throwing your money away." Actually, you're paying for a place to live. And eventually, you'll pay off your mortgage. You're paying toward that now.