When To Consider A Short Sale
By Ken Crotts, Combining Experience and Innovation
When is the best time to consider a short sale? Deciding to Short Sale your property is usually considered an option after homeowners have exhausted their savings, spent weeks or months trying to get a loan modification and after a Notice of Trustees Sale (in King County ) has been filed. I meet people weekly who are at the end of their available options in a foreclosure action and are just beginning the short sale process 30 to 60 days in advance of a foreclosure sale. Reviewing their history gives me the opportunity to consider what would have been a better strategy to addressing financial hardship. The best time to consider a short sale on your property occurs prior to dipping into your savings to make your monthly mortgage payment. It should be a part of a designed strategy that pre...