Is a Short sale right for me?
Quick question: Is a short sale right for you? That is really a question for you and your family to decide before making this decision. If you owe more than what the home is worth then this might be a good option for you, Here are a couple of important factors to determine if a short sale is right for you.
1. Behind mortgage payments and unable to keep up because of financial hardship
a. Loss of a job
b. Sudden Change of household income
d. Other things
2. Keeping the home is not a good business decision