short sale

Question

Nov 30, 2007, 10:18 AM

neva40213

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Join Date: Sep 2007

Posts: 8

short sale

i am in the process of trying to do a short sale and have a offer pending bank approval what is the options if it is not approved and is a short sale terrible on a credit report

Answers

Nov 30, 2007, 12:48 PM	#2

Fr_Chuck Christianity Expert Join Date: Nov 2005 Location: Atlanta GA Posts: 27,708	There is no options if the short sale is not approved, You can ask them to do a deed in lieu of foreclosure. But if they don't do that, you just wait for them to take you to court for a foreclousure. A short sale is better than any other option past that point.

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