How to use a short sale to stop home foreclosure and protect your finances

by Robert Irwin

The guide millions of "underwater" homeowners have been waiting forThe perfect primer for new and experienced homesellers, How to Sell Your Home With a Short Sale is a step-by-step guide for successfully negotiating the tricky butuseful process of short selling a home.The housing industry is only getting worse, and it isestimated that 7.5 million properties are worth less than what their owners owe. One of the nation's top real-estate gurus explains in clear terms how property owners can get a lender to accept a "short payoff"--i.e., a price that is less than the outstanding balance on the mortgage--which serves the dual purpose of dumping devalued property while protecting credit.