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Erik Said:

Why would a seller's credit issue delay closing on a house we're buying?

We Answered:

she may not have enough money to pay off the mortgage and taxes. boy that would be huge screw up by someone if that is just determined to be the case now.

Patricia Said:

Denied Loan Modification, NOW WHAT? Where can i get help on short sale or other options?

We Answered:

A short sale is probably your best option since the condo is probably worth less than what is owed.

Contact a few real estate agents in your area and interview them and see which one gives you the best chance at getting a short sale closed. Short sales can be tough to deal with and many shy away from it. Ask the agents questions about the short sale process and how it will benefit you. Short sales require a lot of patience from all parties involved and can easily take several months to get an offer accepted.

Every agent you contact will probably tell you that they are experts in short sales when the truth is many are not. Not choosing the right agent can cause you more headaches and at the end cause you to lose the home to foreclosure, which is not good. Every short sale is different from each other. Do some research on short sales online and compare it to what the agents tell you.

Good luck and let me know if you need some info on the short sale process and I'll send you some info...at least from my experience in dealing with short sales.