2. You apply to your Bank for a HARDSHIP to get their co-operation.
3. The Bank, (hopefully) approves your HARDSHIP. This can take weeks to months to receive.
If you are not behind on your Mortgage, or, you do not have a HARDSHIP, you will probably be out of luck; the Bank will not co-operate.
4. Assuming that you have the Bank on your side; you (hopefully) receive an Offer.
5. Having a 2nd makes this worse; your Bank will have to negotiate with your 2nd to get them to accept nothing. The 2nd can block the sale, forever.
6. The Bank can take months to even longer to accept the Offer.
7. It is not 4 to 12 months later and you are in Escrow; the Escorw will take another 45 to 60 days.
8. I have never heard of a Bank giving the Seller "relocation fees".
Good luck and may God bless
Let's discuss the options. What bank currently holds your mortgage? A short sale depends on many factors to give you a timeframe. We would have to discuss all the particulars to give you a time frame. I could have your home sold within the first week most likely and you would have a few months from then to move. I can give you choices for your relocation too as long as it is in CA.
Let's talk about possible relocation fees you may be eligible for?
Sheryl Arndt, Broker â€“ Loan Officer
Short sales can be done with two mortgages although that delays and complicates a resolution. Allow 6-9 months from listing to close. Ask the short sale specialist you select about the relocation fees.
Best of luck to you.