If you find yourself in financial trouble and are unable to make your mortgage payments, you might be asking "are there any advantages to doing a short sale?". 
If you are going to lose your home you are better off selling it via a short sale than losing it in a foreclosure sale because you may be able to reduce the negative credit impact, you can control the outcome and timing of your move and you can avoid the stigma of a foreclosure. Often you are able to get the bank to forgive the balance of the loan, whereas in a foreclosure you may be liable for any shortage.
Want to find out if a short sale is right for your situation? Download our free white paper, Frequently Asked Short Sale Questions. Or, if you would like to arrange a complimentary consultation with an agent who specializes in short sales, email us at concierge@lizmoore.com.
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