Updated over 16 years ago on . Most recent reply
Between a short sale rock and a foreclosure hard place!!!
Ok , check this out... 4 years ago i co-bought a house with a friend of mine (both of us are nurses). To cut out a lot of boring details, we are now trying to short sale the house.Because we were not in default and i don't have a bad credit score, the deal is not looking good however at this point and neither of us think it's going to be approved. My co-buyer is now telling me that if the sale doesn't go, she's just going to stop paying. MY QUESTION IS.. what are my rights in this matter. I would like to protect my credit as much as possible and avoid a foreclosure. What would my rights be in a deficiancy judgment if i tried to keep paying. Are there any protections for the partner that doesn't abandon. any help you could offer would be great, Thanks, Lee