I have a serious problem I need help with. I own a condo in Clearwater, Fl. which has been homesteaded. Two and a half years ago, I moved to Panama City Beach because of the job opportunity (I'm a Realtor) and this has been my primary residence but I did not change my homestead.
Now ... because of the drastic effects of the real estate downturn .. I am not making the income I was and I cannot afford to make my mortgage payment. I've been told that I cannot negotiate with the Lender (Countrywide) because this is not my homesteaded, primary residence and, if my situation results in a "short sale", I will be issued a 1099 and be responsible for the taxes on the short sale deficiency.
My question is: Can I switch the homestead from the Clearwater condo to my home in PCB so I can negotiate with the Lender or is it too late to take this kind of action?