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    Pirate11's Avatar
    Pirate11 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Sep 14, 2008, 03:56 PM
    Selling home
    Hello;
    I have a house in Maryland near Baltimore. I have had it on the market for 1 year now and I am getting bids $20-30K below what I owe on it. Can I sell the house for less than what I own and pay the Mortgage Company the remainder without hurting my Credit?:(
    CESElizabeth's Avatar
    CESElizabeth Posts: 81, Reputation: 7
    Junior Member
    		  
    #2

    Sep 15, 2008, 12:01 AM
    To the best of my knowledge yes, as long as the debt is satisfied it will not effect your credit. Have you thought of doing a raffle on your house, or putting it on Ebay, if you are willing to take that much of a loss, try a creative way to sell your house and possibly not take as large of a loss.

    Frankie
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