This is really not a question, you should put this in the blog area of Trulia for other Realtors to share info with you or comment on your subject. This question and answer part of Trulia is for the buying and selling public to get their concerns and questions answered by real estate and loan professionals.
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
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Update: I hired Amanda Bell with At Home Realty. She is the BOMB. She initiated a short sale. After only 6 days of her listing of my home, I have a buyer. She has taken the stress out of my short sale. She loves what she does. She has submitted everything on a timely basis with Wells Fargo. She is very informative. She cares. She is the BOMB!... more
Have you checked into a loan modification? You can research it online at http://www.keepmytnhome.org . I would start there to see if they have any programs available to help your circumstance.
Otherwise, if you are able to sell your home as a short sale, yes you are liable for the difference of what is owed and what it is sold for, however, the amount could be substantially less than a foreclosure.... more