If you are wondering what to do because you are behind on mortgage payments but still want to sell, there is still hope for you. Short Sales are a GREAT way to still sell even if you owe more than what the market is showing you you could sell for. Just a few things to think about..

Your first step when deciding whether this is the right decision for you is to think carefully about your future plans. By doing a short sale you are subjecting yourself to having a mark on your credit report stating, "account settled". 

Secondly, how much time do you have left before your home goes into the banks possession? You need 6 months to be safe. If you have this time left,  you are on the right track.

Lastly, do you have one or two mortgages? If you have one, you have a great chance to be accepted. If you have two mortgages, you now have two banks to negotiate with. Normally you can get the first mortgage company to accept but the second has alot more to lose. With the second mortgage company you may have to set up a payment plan with them so it is not the best choice for you.

Call The Joel Schmidt Team for more details!! 

Visit: www.TheJoelSchmidtTeam.com for more information about short sales and what advantages you may have!