Question on home short sale
Trying to make a long story short my X-Wife filed for bankruptcy leaving my previous home in Minnesota as my problem. I'm contemplating doing a short sale working with the mortgage holder (Wells Fargo) as I'm now retired and living in Wisconsin. The house is under water to the tune of around 60K. I could probably go back to divorce court but court papers and $.50 would get me a call to somebody that cares. I'd still be holding the bag with the bank.
Any of you have any experience with going thru with a short sale? Any suggestions as to what to look out for? Need the good, bad, and the ugly.