BUDMANKDB

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About BUDMANKDB

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    Indiana
  1. Had this in "Credit Repair" forum, was told I might get more responses here Hi, I just joined this board today, but have been reading posts for about a week. My wife and I are seriously considering a "short sale" of our home. We are behind on our payments and have too many medical bills to catch up anytime soon. My question is: How does this get reported on credit? Can I negotiate how it gets reported? Also, the packet my mortgage company sent me is asking us if we are willing to sign an unsecured note to pay off the difference between what we owe and what the house sells for. Can I use this to negotiate with them on how it gets reported? I don't mind paying the debt off as long as it shows "paid in full" or something like that on my CR. Anyone have any advice? Thanks
  2. Hi, I just joined this board today, but have been reading posts for about a week. My wife and I are seriously considering a "short sale" of our home. We are behind on our payments and have too many medical bills to catch up anytime soon. My question is: How does this get reported on credit? Can I negotiate how it gets reported? Also, the packet my mortgage company sent me is asking us if we are willing to sign an unsecured note to pay off the difference between what we owe and what the house sells for. Can I use this to negotiate with them on how it gets reported? I don't mind paying the debt off as long as it shows "paid in full" or something like that on my CR. Anyone have any advice? Thanks