Jorge: This is the best thing to do for seller's thinking of doing a short sale. All of their options need to be considered. Also, many times a short sale is not in their best interest. If they have a second trust deed or a line of credit they will have to end up filing bankruptcy also as these leinholders will end up coming after them if they don't.
Every home owner's situation is different and a short sale is not for every one.... more