I get asked all the time "What is a Short Sale"

To explain to you about a short sale, is to one where the bank allows the seller to sell their home for less then what they owe on the property. Until last year, the mention of a short sale seemed UN familiar to most. Banks preferred to foreclose on the home. But within the past few years, the short sale process has become all to familiar and popular. Banks have been notorious by delaying the process for months before they will give you an answer. But if you can hold in, it seems that this could be a better solution then to do a deed in lieu of foreclosure