Houston, TX asked in Real Estate Law for Ohio

Q: Can I do a Short Sale without being behind on my mortgage? I am running up debt trying to reach my monthly obligations.

I am using high interest credit cards to keep going. I have run out of funds.

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1 Lawyer Answer
Bruce Martin Broyles
Bruce Martin Broyles
  • Lancaster, OH
  • Licensed in Ohio

A: Contact your lender. You will have to complete a loss mitigation application; provide the requested financial documents and list your house for sale with a real estate agent for 90 days.

The frustrating part is that the bank does not have to approve any short sale. The bank will reject offers without making a counter offer, and will take so long to get back to you that the potential purchaser will find another house

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