Legal Question in Real Estate Law in California
Short sale of home
The value of my home here in California has dropped $100,000 in the last year. I am considering a short sale. What do I need to know when considering this?
Asked on 6/28/08, 9:16 am
1 Answer from Attorneys
Mitchell Roth
MW Roth, Professional Law Corporation
Re: Short sale of home
You can sell short, but he bank (lenders) will have to agree. If they are willing to agree they may be willing to revise the loan.
Answered on 6/28/08, 6:30 pm