Short sales have become an increasingly popular option that allows American home owners to get out from under their mortgage obligation by selling a house for less than they owe. That said, it’s important to understand your options and to be prepared for a frustrating process.
A recent article on NPR provides a well-written and objective view of the short-sale process, the expectations for current home owners considering a short sale and what type of legal assistance you may consider to make the process less frustrating.