Detailed text transcripts for TV channel - CNN - 20110513:19:46:00
The high mortgage on my condo. if i use my savings to pay it off, i will be broke. and what should i do? so many people in this position. >> yes. kathy realizes that her back is up against the wall, and she is a classic candidate for short sale which is fancy speak of going to the bank and saying, let's sell it for what we can, and call it a day. reasons can include hardship or also the fact that you are underwater. sounds like in kathy's case some hardship there if she has had a job los or income reduction and the key is that short sales vary from lender to lender, and she needs to start the ...