Why a Short Sale makes Financial Sense? Is a short sale right for you? Millions of homeowners are asking themselves this question! Why? 1. Canít afford mortgage payment. 2. Have No Equity. 3. Canít sell property. Right now we have 10-14 million homeowners with no equity (called negative equity/Upside Down Ė Owe more than home is worth) Some projections expect over 20,000,000 homeowners will have negative equity in their homes in the very near future. Or 25-30% of all homes. Current situation: The number of homeowners missing payments is rising. Notice of Defaults (90+ days late) are rising. Foreclosures are rising. Unemployment is rising. In other words, expect more foreclosures and tough economic times because major housing and banking issues have an impact on the entire economy. What can you do now? One option to avoid foreclosure is the short sale! Selling your home through a short sale doesnít need to be a life-ruining experience. Many times a short sale simply makes smart financial sense for a family. It helps they get out of a bad financial situation so they can regroup and move on with their lives with a more affordable housing situation.