My husband lost his job, but may be able to get one out of state which would require selling our house. We bought the house three years ago with nothing downfor about $80,000 more than what we could sell it for. It can’t rent for the monthly payment, so we can’t afford to do that.
Has anyone done a short sale? How does it work? Do both the first and second mortgage have to agree, and what if there is enough money to pay off the first can the second still get some of it, which would make the first short?
Thanks to anyone who has experience in this. Melissa in Ca