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Contributor
I have to a short sale on my house. Can USAA help in anyway with this?

1 REPLY

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Kman49;

 

Welcome to USAA and the USAA Member Community Forum.

 

Thank-you for your service.

 

Now as for your question.

 

1. For everyone's edification, the term "Short Sale" is defined as this:

 

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A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens' full amounts and where the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.

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2. As for USAA the "answer" it that they may allow a new mortgage, but it is not certain.

 

3. Visit the following LINK for some advice:

 

Hope I have helped..