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should i ask the bank to do a short sale/ or modify my loan?

March 21st, 2009
Melissa S asked:


Which one is best to do? wHow will the short sale affect my credit vs a modified loan?
ok, well i have never taken money out. my home was purchased at 448,600.
and is know worth 180,000. i am currently in a fixed interset only loan. in two years its going to ballon, and im not going to pay the morage this month in hopes of getting some help from them.

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