Two mortgages and trying to decide to short sale or chapter 7..no other assets involved?
We are being harassed by realtors that keep pleading for us to do a short sale and in the meantime rent the property. Supposedly the house is already in the foreclosure process.
Tags: Assets, Chapter, Decide, involved, Mortgages, sale, short, Trying
Both equally damage your credit. Short sale you could end up with tax liability that you don’t need…Bankruptcy costs you money but completely discharges all the debt. Chpt. 7 is hard to qualify for though.
both equally damages your credit
i think chapter 7 is tough to qualify
it`s better to call the loan modification attorney,they may help in resolving your problem in a better way
i hope it should help you