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Updated almost 17 years ago,
I'm the short seller...
Most of the posts I'm reading are about people trying to buy short sells, so perhaps this is an opportunity for someone out there. But, I'm on the other end.
There are lots of foreclosures in the area so comparable houses can be bought for $60K-$80K. I owe $150K. Priced to sell, I should be able to get $130K, so basically, I'm looking at bringing $10K-$20K to the table. My hardship is that I'm taking a leave from working full time to intern. I graduate in December. At that point, I'll probably move (for hopefully a new job) to another state. Since I'm moving - I have to sell now. Since I'm losing my job, I'm pre-emptively trying to avoid defaulting on the loan. To date, I'm paid in full and on time, all the time. My property is in Royal Oak, MI - just outside of Detroit.
To add another wrinkle, I'm getting married in a month, so I'd like to file the paperwork beforehand. The house is in my name alone.
Any help would be much appreciated. Offers are more appreciated! :lol: