Should you skip mortgage payments or keep paying?
Should you continue skipping payments or keep making payments on a mortgage on a property being sold as a short sale? Most banks will not accept a short sale unless you are in default and have received a NOD notice or have been 3 months behind on your payments. To know for sure, call you bank or lender to get clarification on how to start the short sale process. Also, you probably shouldn’t ignore your property tax, and want to keep that up to date.
You need to be prepared if the short sale process does not work and you end up being forecloses on. You should consult an attorney about your next steps.