Short sale vs foreclosure

[Starz26]

Originally Posted by Gophernut

It feels sort of counter-intuitive to talk to your lender about help, and they suggest not paying them.??? .

This

My buddy just went through the same thing. He was current but struggling. So he did what they said, stopped paying, House was in foreclosure and sheriff sale was getting close but he finally got a loan modification. Ruined his credit though.

If you do go this route, do what he did and save the monthly house payment, that way if the loan mod does not come through in time, you can catch up and avoid foreclosure.....

Best wishes