Yes, you can sell. You can bring cash to closing or try for a short sale. It's likely you've felt the effects of the current economy and if you can prove you've had a loss of income, reduction of income, death, divorce, or some other strain on your finances, many lenders are allowing homeowners to sell via a short sale.
We were able to complete a short sale last month in Derry and the homeowner received $23,000 cash at closing due to an incentive their lender provided. The homeowners owed over $220,000 and the lender accepted $110,000 with a full deficiency release. They were over 24 months behind. It's important you know what is involved in the short sale.
I would be happy to speak with you further.
Maryann Little, VP Mitigation
AA Premier Properties, LLC