• In some instances, the lender might agree to the short sale of your house, selling it for less than the amount you still owe on the mortgage. • To help ensure your bank authorizes the short sale of your house, be prompt and thorough in providing your income verification and other documents the lender requires. • Familiarize yourself with all the details of how banks and other lenders usually handle the short sale process. • Compared to the usual home-selling process, a short sale might allow less time for marketing and making repairs. You might also have to sell for less, so don’t delay.
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