Q: What is the Short Sale listing process?
A: If you have found yourself in a situation where you aren’t sure that you can continue making payments on your home or you or someone you know has suffered a hardship that will make it difficult to continue living in their home because of a physical or financial hardship and continuing to pay the mortgage is not or will not be feasible, you (or they) may be eligible for a short sale.
The definition of a hardship is somewhat subjective and you’ll need to meet certain eligibility requirements from your lender, but you may have options that allow you to avoid foreclosure and sometimes includes staying in your home. Foreclosure is NOT your only option.
Taking the First Step
Take action! If you or someone you know needs help, the first thing you need to do is find a real estate professional, such as myself, who is trained and who is an expert in handling the short sale process. Look for someone who has the industry standard designation known as CDPE. CDPE stands for Certified Distressed Property Expert. When you work with someone who is a CDPE, you get someone who is looking out for your best interests. That may or may not mean that you have to sell your home. For some, there may be an option to stay in their home, but, without a consultation and a look at all of the facts involved, there is simply no way to know for sure.