http://www.mortgagecreditproblems.com/blog/sellers-speeding-up-your-short-sale/ Expert Advice & News on Bad Credit Mortgage, Mortgage Refinancing & Home Loans Sat, 31 Jul 2010 00:53:36 +0000 http://wordpress.org/?v=2.3.2 http://www.mortgagecreditproblems.com/blog/sellers-speeding-up-your-short-sale/#comment-452 Gina Pogol Fri, 29 Aug 2008 17:31:05 +0000 http://www.mortgagecreditproblems.com/blog/sellers-speeding-up-your-short-sale/#comment-452 Programs like FHASecure require that the home be your primary residence. However, a second home is an excellent candidate for short sale if it meets the criteria I specified in my post. One thing you will probably have to prove: that your primary residence doesn't have enough equity to bail out your second home--for example, if there is equity you could get a second mortgage against your primary home to make up the deficiency on the second home. Programs like FHASecure require that the home be your primary residence. However, a second home is an excellent candidate for short sale if it meets the criteria I specified in my post. One thing you will probably have to prove: that your primary residence doesn’t have enough equity to bail out your second home–for example, if there is equity you could get a second mortgage against your primary home to make up the deficiency on the second home.

]]> http://www.mortgagecreditproblems.com/blog/sellers-speeding-up-your-short-sale/#comment-450 Rachel Fri, 29 Aug 2008 17:23:13 +0000 http://www.mortgagecreditproblems.com/blog/sellers-speeding-up-your-short-sale/#comment-450 Is it possible to get a short sale on a second home that has fallen behind on payments? Is it possible to get a short sale on a second home that has fallen behind on payments?

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