At one time short sales were done infrequently. In recent years they have become more and more a common way for a seller to sell there home. If you have a home that is underwater and you have to move or cant afford it then this is a great option rather than walking away from it or just giving up and letting it go into foreclosure. The process to market the home and get an offer is similar to doing a traditional sale. Find an agent that knows short sales http://www.ChucksHomeRescuePlan.com The agent lists the home for the current fair market value. - It's important to note here that the banks go off of the current value of the home not what it is you owe them.
Read all of Short Sale Process in Colorado Springs
This has been the toughest of times, there are always a few shysters that emerge with schemes that serve to make a bad situation even worse.
Read all of Steer Clear of Short Sale / Mortgage Scams! Part 1
In today's real estate market there are 2 types of Realtors. Those who understand the complexities of Short Sales and those who do not.
