[i j]

Hello-I need a little friendly advice from the Yahoo community.I bought a condo in Las Vegas a few years back and needless to say it has gone South.... way South. I can afford the mortgage on it, but just barely. Theres no way I can sell it, as I have 185k to pay off and comparable foreclosed units are selling for appx. 120k. I dont necessarily want to foreclose on the property but its looking like it might be the only hope. I am current on my payments and Countrywide wont even talk about any kind of workout plans unless you are behind on your payments (which never made sense to me). I am going to ask them for a short sale but doubt that I will get approved for a low enough $ amount because on paper I can afford the thing. My question is this... does anyone have a similar situation\experience they can give me advice on. The big issue is I want to foreclose on the property, but I dont want them to come after me for the difference (probably in the 60k range) when it does sell as a foreclosure. If I show them my semi-fit financials in an effort to get a short sale going and then foreclose on the property, are they going to be more likely to come after me for the deficiency judgement then if I just foreclosed on it without trying to get approved for a short sale or other remediation?Thanks for your input in advance!!!

[ShortSaleUS]

Foreclosure will result in a deficiency balance that the lender can pursue against you. The only way to avoid this is a short sale or BK. Oral requests will be inconsistent and likely not productive. Get a pro to assist you and communicate only in writing.

[LoanModificationExpert]

Give me a call. I can help you with the short sale as its the only way you can go.

1-877-968-5337