Question by Donna: can i sell my house, whilst in arrears?
Can i sell my house whilst i am in arrears with mortgage lender, I also have a secured loan on house and am in arrears with that too
Even if we do sell i dont think we would make enough to pay off both mortgage and secured loan, what would happen then?
How do i go about getting a short sale? Who do i contact?
Is this short sale available in Scotland? And what is a realtor i can seem to find any when i search.
Best answer:
Answer by Mrs HarleyBrat
Call a REALTOR – have them start marketing the home as a short sale – that will get you out from under both loans & if your agent does it right – they’ll get the amount undersold (still owed the bank) written off and forgiven with a reasonable offer
Good Luck
Add your own answer in the comments!

