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Foreclosure: Short Sale or just wait?
Asked by bude57 (16)
September 25th, 2010
I’ve lived in my home for 23 years. I haven’t made a payment on my mortgage since Dec ‘09. I have no regular job, I have noone living with me. Some people (including a bancruptcy lawyer) said to just live in the house until sheriff tells me to leave. And to not declare a bancruptcy until then. Then other’s tell me to do a “short sale” which could take awhile in today’s economy. I know that eventually I will have to leave my home, but what to do? Having trust issues with the lender, mediators, and lawyers. Help!
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