Question:

I had 2 home and can't pay all of them and want to short sale one of them

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Is it possible can i do a short sale one of my home and still keep one for living? can bank had a right to take the one i like to save after another one have been sale.

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  1. How about re-writing this question in ENGLISH?


  2. Not enough info and not clearly stated

    If you have two homes, you can sell either one.  Problem is finding a buyer.  Buyers are looking for deep discounts and big bargains.

    A short sale is when you owe more than the home is worth, more than a buyer will pay for it.  This REQUIRES the bank to agree to the sale, or it doesn't happen.  And a lender may not agree if you have another home with equity in it.  If you keep current on the home you want to keep, the bank should not touch it.  There are two different mortgages on two different properties, even if they are the same lender.  

    Probably you would not have your debt from one home attached to other home by current law and the new law.

  3. I bank will not permit you to short sale a home, when you have equity in your other home.

    That is part of the criteria.  It's reserved for those people who have no other choice...not ones that purposely over-extended themselves.

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