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I am going to behind my mortgage, can’t seem to pay it no longer. Can’t refinance because of self employed and my loan is worth more than my house. My 1st is $ 599,000 and 2nd is $ 21,000. The same type of house near by is selling for $ 599,000.
Have no money to pay for an agent to sell my house or short sale. How can I go about doing this.
Any advice?

2 Thoughts on Selling my house question for agents?
  1. Reply
    Ken
    November 25, 2011 at 11:19 am

    I am not an agent, but I will give this question a try. In a short sale, the bank agrees to take less than the full loan amount. Part of that is, of course, the sales commission. They know that is an expense of getting the house sold. They will often absorb that cost in order to avoid the cost of foreclosure and resale (which includes a broker fee).

    Good luck to you.

  2. Reply
    Realagent21
    November 25, 2011 at 11:44 am

    I am sorry to hear about your situation, but know that this is happening to many people so don’t feel bad. You can hire an agent because you will need their marketing tools to get your property sold quickly. The lender will agree to this and the commission will be negotiable with them. You need to hire a very good agency to help you with this. I am not sure where you are located, but if you are in the Southern California area I can help you, or I can refer you out to someone who is skilled with this type of situation. Please email or message me because there is more you should know then what I can type here. Hope to hear from you soon and good luck! My email address
    c21renee@gmail.com

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