Northwest Foreclosure
Are any banks willing to finance me while I’m going through a short-sale?
I’m in the process of short-selling my house because it’s underwater on two mortgages and I want to rent and save up for a few years. I need a small amount of financing for a vehicle and my attorney advised me to get it quick before my credit gets demolished from this short-sale/foreclosure/whatever transpires… problem is, any bank I approach is going to see I’m already a couple payments behind on the mortgages (I was advised a couple months ago to save that $ since I’m ditching the house anyway).
My current income and prior credit history is completely fine, but obviously the late mortgages are going to be a big red flag. Are some banks more understanding in this regard or are there any other options?
I’m in the Northwest region.
Thanks
I seriously doubt it.
If you do find a lender, be ready for high interest fees.
Bank Owned Foreclosure Home Northwest Las Vegas
