In some parts of the country short sales are becoming common place.

It’s important that you define a set of boundaries or rules that you adhere to in this type of situation.

These are Six Musts To Work On A Short Sale.

Do you have any to add?

1. The seller wants to keep their credit in good standing.

2. The seller has some cash to contribute to the short fall.

3. There is enough money in the sales to pay a second mortgage or any liens or judgments.

4. You know the lender will accept short sales.

5. You are willing to work with the buyer who will wait two to three months to close.

6. You get paid full commission.

Be conscious what type of deals you get involved in.

If you apply these six rules to a short sale situations, more than likely you're going to serve someone during a difficult time.