Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 13 years ago,
First short sale and don't know what to do
I have a homeowner who owes more than her home is worth. She says she owes a little more than $120k and according to Zillow the home is currently valued at $110. The property is in excellent condition. 5 year old roof, new carpet, new kitchen cabinets and counter tops. She lived there for 20 years and maintained the home well but unfortunately she lost her job and couldn't afford it anymore. Can anyone give me any advice on what I should do in this situation...
Thanks
Jeff