Q: Will I have an issue selling my home to a cash buyer if I am currently awaiting home modification paperwork on my loan.
Ditech sent me a letter stating that I can receive a home modification if I can pay a monthly payment of a specified amount each month on time for the next three months. July was my final payment before the mortgage company puts together the paperwork for a home modification that will be mailed to me for signature. As it stands, I have a cash buyer and wish to proceed with the sale of my home, will I have any difficulties selling?
A: Nobody can say without reviewing the paperwork and also seeing what the offer is versus what you owe. You can likely still back out of the loan mod and sell, but you should hire an attorney who does foreclosure defense to analyze your situation. You will want an attorney for the sale anyway.
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