My home is worth less than we owe our lender. What are my options? Can I sell my property?

You have a few options when your home is worth less than what you owe. One option is to process a short sale application, which is when a lender is willing to accept less than what is owing in order to prevent having to go through the long, protracted foreclosure process. It is called a short sale because it is a “short” payoff.

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