Ok, so now you know what a short sale is and you are probably wondering, “what’s the next step?” Well there are a couple of significant steps involved in the short sale process. Let’s discuss the six major steps to successfully conducting a short sale.
Step #1 – Understand your options and know what you are getting into
Let’s start out by saying a short sale is not a good solution for everyone! If you have enough cash to cover the shortfall between your mortgage balance and your sales price, it may make sense to come out of pocket and proceed with a traditional sale to salvage your credit instead of conducting a short sale. If your credit is already in