Short Sale Madness for Sellers – Why Continue to Pay?
In tracking my short sales which I do a fair amount of in the past few years, I am finding the following for my short sale sellers:
If they continue to pay on their mortgage, even though they have a hardship, the Bank(s) are uniformly asking them to come to closing with monies as a contribution or a promissory note commitment.
I would not have a problem if my clients had a job now that could meet their obligation agreement but some do not. Yet I can get no movement on this issue from the MI company.