If you heard Ralph R. Roberts mention on the radio today that you can find information about short sales on KeepMyHouse.com, here’s what Ralph was referring to:

Short Sale: Convincing Your Bank to Accept Less

By Ralph R. Roberts, GRI, CRS

With property values in a tailspin, many homeowners who cannot afford their mortgage payments are finding themselves in a precarious position. Their homes are worth less than what they owe on them. They need to sell, but if they sell now, they’ll lose money – money they don’t have.

One solution may be to negotiate a short sale with your lender. With a short sale, your lender agrees to accept less than what you currently owe on your mortgage. If, for example, you owe… [continue reading Short Sale: Convincing Your Bank to Accept Less].