Sure you can!! you must first notify your Lender about your idea of lisiting the property and notify them about the agent taking care of the transaction. Most of the Lenders they dont have any objection with that.

Many properties that are listed as a short-sale have also been on noticethat a foreclosure action has been initiated. The lender most likely would prefer to allow you to sell short- than going through the entire foreclosure process.

Lenders do not typically give a short-sale seller "The Rock Bottom" price that they would accept. Lenders wait for you- to first provide tham with your documentation- hardship letter, bank statements, P & L statements, income/expense statements, etc.

Once you have provided the documentation to the lenders satisfaction- the next challenge is providing a bona-fide offer from a qualified buyer. Typically, especially in building going through major defaualts- a lender will want a cash buyer only.

Hi Rob,

Yes, a short sale is legal if you're receiving foreclosure papers. I see you posting here several times each day and I am feeling all your stress. Please talk with any one of the helpful Realtors who have taken time to respond to your questions. We can guide you through the process.

You have repeated your story so many times on this site, your fingers must hurt! Just go ahead and list the property with a knowledgeable Realtor and they will help you price the unit and will let you know if they are getting calls to show the property. If not, you lower your price until they get calls. Make sure you do not sign up with any 'service' that charges fees in advance. Make sure your listing agreement has no cancellation fee. Ask about the marketing plan and be honest with them about the building. If they are clueless about the issues there, find someone else!

You know it will be difficult because of the issues at the building. However, that does not mean it's impossible. Stop wasting time worrying and take some action! Just get it listed, keep in touch with your lender and maintain good communication with your Realtor - but as so many of us have already told you - don't do nothing.

Best of luck to you,
Audra

Hi Rob
I think you should look for a realtor who does distressed properties in your area and he will guide you through the whoe process.
yes you can market your condo and put it in the market and once you get an offer just present it to the lender with all required documents and if bank accepts it ,then a your condo is approved as a short sale.

Good Luck
A.J.Zaki http://www.homefindersinflorida.com