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    monkeymom's Avatar
    monkeymom Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 8, 2010, 01:51 PM
    Short sale a home
    My husband has just been called for a job interview out of state. Because of the market here in Nevada, we would have to short sale. Can the banks still go after our 401K, cars, etc. after a short sale due to move for a job? We are just trying to gather all information before we even have husband go for a job interview. Thanks!
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #2

    Jul 8, 2010, 04:17 PM

    You should contact the lender and ask if they will agree to a short sale.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jul 8, 2010, 05:41 PM

    If you do a actual short sale, no, the lender is accepting less as payment in full. A short sale is not a foreclosure.
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