With the economy getting worse and worse everyday, and the foreclosure rate rising higher and higher, people do not know what to do. If you are one of those people who are saying, “I need to short sale my house,” then you need to understand the process.Below are the steps you will have to take to short sale your house.1. You need to get the value of your property. If you are using a real estate agent they will provide you with an estimate of the market value of your house. Using a real estate agent helps you to sell your house fast, but you will lose money off the commission you need to pay them.You need to do some research if you are selling the property on your own. In order to get the market value of your property you are going to need to do some market analysis of your area and your property.2. You need to find out the total amount of money you owe against the property. To get this total you will need to add up all the loans that you have against the property.3. The next step is to add up the costs of […]

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