If you short sell your house but never make a late payment???
What happens to you credit? I have a friend that has amazing credit, but they own a house they owe more on than it is worth and have to move out of state for work and renting the house out wont work because their mortgage payment it too high to have it be a break even,. So what happens to someones credit if they never pay the mortgage late but the sell for less than is owed??
My friend has 800 credit scores, she bought the house in the high of the market and it is now worth about 75K less than it was before. She has family back east she needs to go be with and lives in california, will a bank allow a short sale if you arent late on a payment??