It is amazing how much mis-information is out there and that agents think they can handle this not knowing all the laws and possible future outcomes that may apply for the seller.
Short Sale bank will determine value vs. amount owed market . Work direct with bank determine best interest get all agreed statements in writing.
National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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Our recommendation is to consult a real estate professional for their input and a clear understanding of the "short sale" process.
If the bank tells you to put it on the market before they will look at a short sale, by all means you should put it on the market. You will also need to find a buyer for the sale so the marketing piece will be helpful for that. If you are having trouble finding an agent since you moved out of state you might consider asking friends or family in the area for a referral, or you could also interview a few Trulia agents. In the mean time if you have any questions or need any assistance please don't hesitate to contact me via my profile page or to post back another question.
#1 Trulia Agent in MN