Posts Tagged ‘payment’
Do I continue to make my payments when doing a short sale..??
Written by Rob Reinke on April 29, 2009 – 8:28 pm -Undoubtedly the number one question that I get when speaking to clients about possibly doing a short sale is whether or not they should continue to make their payments or not. This is an are that I am always careful and walk very lightly around because I am not an attorney and cannot give any sort of legal opinion or advice. That said, my answer every time is the same. I always say that anyone that is faced with this predicament should make sure that they can supply food, clothing and basic essentials for their family. They should also be sure to maintain their health insurance, car insurance and continue to make the auto loan payments. If there is money left to pay the mortgage then by all means do so. If it is a struggle to do this and the only way is to possibly pay some of these other essential items with a credit card then a decision needs to be made.
Again, I will never advise someone NOT to make the mortgage payment but rather let them decide if it is in their best interest to do so based on the other bills that absolutely need to be paid.
If you or someone you know is facing these challenges please do not hesitate to call me directly.
Tags: payment, short sale
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