Short refinance what is it?
My scenario is I own a condo en South Florida in Miramar to be exact and I bought as primary home and had to move due to job opportunity else where and had to rent it. I owe 217k and it is worth 148k right now. I am current on all but would like to get rid of this property. What should I do and that it will not a affect my credit. My lender is Suntrust bank. Any help will be appreciated in this matter.
Asked By: cookielove1430 - 9/30/2008
Best Answer - Chosen by Asker
What you're asking about is a short sale, where you have some kind of hardship and have to sell a property for less than you owe on it. And, while job relocation may be considered a hardship, saying "I owe more on the house than it's worth" is not... More
Answered By: Paul in San Diego - 9/30/2008
Additional Answers (1)
You're current on your payments so no lender will consider any alternative, creative, arrangements. They only do that when they're desparate. That leaves you only 3 choices, sell, refinance, or continue to rent it... More
Answered By: 9 daughters - 9/30/2008
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Shop Online or Sign Up To Sell AVON & Earn Fast Cash Today!
(91) Real Jobs Paying $15-$96/Per Hr- Available Today. Apply Now!
Click. Search. Apply. Free!
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.