What is a short sale?  Basically a short sale is where the bank is agreeing to take less then what they are owed so a sale can happen.  This often occures when someone is in foreclosure or behind on payments although in rare cases it does happen without that happening.

With so many banks having made bad loans in the last years a short sale has become a very common solution.  If you are facing a situation where you are behind on your payments a short sale might be a good option for you.  Please feel free to contact me about how these work.  There are many facets to a short sale and many potential issues the might come up.  It is important to have a full packet of put together according to what you lender may need to access this option.  It is very important to have someone with a lot of experience working these kinds of deals on your side.