I am looking to do a short sale w/ ING direct. Any a...

Submitted by ryans18 from AZ - 02/15/2009 - 8:15pm

I am looking to do a short sale w/ ING direct. Any advice for this lender? I bought my house for $400k. I refi'd for $550k 2 years ago. I have no 2nd and ING has the first. Right now, my home is worth about $380k based on recent sales. Suggestions?

You are not watching this post, click to start watching

Comments

Submitted by bob_1 - 02/25/2009 - 7:20pm

Ryan -
 
ING has been somewhat decent to work with on a short sale.
 
I can refer you to a Certified Distressed Property Expert (CDPE) in your area who would be best to assist with the entire process.
 
Send me an e-mail with the location of your home and I'll send you a top agent who is specializing in short sales in your area.
 
BOB
bob@inspiragroup.com
949-600-5404

Submitted by REO/SS Expert - 06/05/2009 - 2:12pm

If you refi'd and cashed out (which it looks like you did because your loan amount is much higher now), you're going to be responsible for that difference.  Banks will be leinient if your short sale offer dealt with just your purchase money, but you took an additional loan, a substantial one at that, they'll come after you for it.
 

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

Before You Post

All comments should be relevant to the topic of the post and are subject to the terms found in our User Agreement.

Asking a Question

If you'd like to ask a new question, please start a new topic.

Please no SPAM.

We nofollow all links and promptly remove unsolicited advertisements - spamming here is a complete waste of your time, so don't bother. Vendors who actually answer questions and provide value to our forums may include links to their company or service as part of their signature.