Short sales: what to know first
This article appeared on today's MSN Money website. I thought it might be of some assistance to those in difficulty who don't know whether a short sale could help them or not. HTH!
"Troubled owners: 3 warnings about short sales
By Aleksandra Todorova of SmartMoney
Many struggling homeowners are considering short sales as a way to avoid foreclosure on their homes, but there are a few things they should know before taking the plunge. Dealing with the burden of owning a home that's underwater, or worth less than the underlying mortgage, can be financially devastating."
Here is a link that might be useful: Short sales: what to consider