I have to move due to job. I owe 135,000 on the 1st with Countrywide and 40,000 on a HELOC also with Countrywide. I am current with my payments but only expect to get $150,000 for the home . Is it possible to short sale this ?? If so what should I do? How should I approach Countrywide? Also, what will this do to my credit? Will my credit report say "settled for less than full amount" or something of that nature.
Thanks,
Thanks,