Mortgage Forum
American Home Mortgage Servicing - Hard to Believe
This is a topic titled American Home Mortgage Servicing - Hard to Believe made in the Home Mortgage section, belongs to our Mortgage Chat category; Okay, here's an new one - I owe about $486,000 on my first and $50,000 on my second. My house is worth about $300,000 and there are ...
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| Members List | Search | Today's Posts | Mark Read |
September 15th, 2008, 02:08 AM
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| Senior Member Registered: May 2008
Posts: 907
|  American Home Mortgage Servicing - Hard to Believe Okay, here's an new one - I owe about $486,000 on my first and $50,000 on my second. My house is worth about $300,000 and there are two larrger homes in my neighborhood currently listed for $275,000.I tried with some success to keep making the payments but my house of cards finally fell this August. AHMS tells me that they will allow my husband (who is not on the loan or title but has good credit) to purchase our house on a short sale, and that I should send over the offer as soon as possible.Personally, I'm having a hard time believing this because I thought a short sale had to be a non-arm's length transaction.Anyone know differently? |
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