Wednesday, July 13, 2011

Underwater mortgage question, bank won't talk, no short sale.?

Someone I know had a job loss and sick kid in the hospital, single parent. The house is worth $150k on the market but is $71k underwater. They have a buyer, but bank won't even return calls and they said they just won't accept it. She got a lawyer but they cant reach anyone that will do anything. There's just no money, credit is ruined. She tried to do the right thing and sell it but there's no help. She moved out back with her family. Its empty. Whats next to be done if you can't even talk to the bank?

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