Short Sales

I have found that a lot of people know what a short sale is and do not know how it could work for them.  If you are a seller that is behind in payments, can not afford your payments (financial hardship),  tried to modify or in the foreclosure process than a short sale would work for you.  It can work to relieve your from the debt owed to your lender and stop you from having a foreclosure/judgement against you.  It helps salvage your credit and you can rebuild it in a couple of years. As long as you are working with people that know what they are doing in a short sale transaction.  Your realtor should have short sale knowledge and experience.  They should also have a Title Company or attorney in place to help you with the short sale proceedings.  You want to make sure that you do not get charged a phenomenal fee to you for helping with the proceeding. The title company that I use does not charge the client a fee, he just gets to do the title work and closing for the transaction.
Again,  please make sure that you agent has done short sales and has someone to assist in the process.  It makes the transaction run much smoother and all parties involved are happy.  The smoother it runs the more likely the buyer will hang in for the process that can take up to four months.  It is a majority of the market place here and it is best to have people who have knowledge behind you.

If you have any questions or do not understand the process,  you can respond.  I will be happy to assist you.