Seeing Wells Fargo refuse to modify our loan to an affordable level, AND we are $150k upside down in the continually declining market, we have decided to short sale the house. We consulted several realtors who specialize in short sales and they all said the bank is going to want from us: bank statements, pay slips, financial worksheets, you know the usual stuff they want to SNIFF out where they can take more money from you.
SO: I told the realtors we will not be supplying that info as this is now a discharged debt and the bank requiring this would be akin to a collection activity.
I also added the information I am willing to provide is my CH 7 discharge statement from the court. That should prove my hardship.
What do you think?
ps. we only want to short sale so we can buy again in 2 yrs on an FHA loan
SO: I told the realtors we will not be supplying that info as this is now a discharged debt and the bank requiring this would be akin to a collection activity.
I also added the information I am willing to provide is my CH 7 discharge statement from the court. That should prove my hardship.
What do you think?
ps. we only want to short sale so we can buy again in 2 yrs on an FHA loan
Comment