Is a Short Sale Right for You?

I get a lot of emails from people who pose some variation of the question about what steps they should take now that they find themselves behind in mortgage payments and unable to bring themselves current or manage the increased monthly payments associated with an adjusting adjustable rate mortgage. A lot of them inquire about short sales as a possibility to get out of their home and want to know how the short sale process works. Unfortunately there isn't a lot of good information out there for people who are looking at short sales as an option for getting out of a bad mortgage situation. There are plenty of books about making money buying short sale properties; but there is little in print about the pros and cons for home owners who are considering the emotionally and financially diffic