A short sale is always better than a bankruptcy.
However, what is best for you depends on your specific situation.
A successsful short sale requires TIME.
It is possible you have waited to long.
However, many real estate professionals know how to make things happen FAST. Fast will be directly dependant on your situation, the lenders involved and the current status of your defaulted loan.
Several Long Beach agents will respond to your question. You need to CALL several of them and hear how they would directly handle your situation. The one that says, "Put in MLS" is the one who is unlikely to solve your situion in time to benefit you.
Seriously, time is not your friend. Pick up the phone and call a Long Beach professional.
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL