One of which is losing your home to foreclosure, if you owe more for your house than what Surely it’s worth you only have a few home selling options. To avoid a foreclosure you can sell your house as a short sale. Only experienced real estate investors and a very small number of real estate agents know how to complete a perfect short sale. The buyer or real estate investor will negotiate with the bank to accept less than what you owe them. Eventually, the key is to find a buyer for your home or a real estate investor. Also, The bank should be accepting $ 50000 less than what you owned them, if you sold your house for $ 100000 and you owed the bank $ 150. This is an enormous benefit to home owners who are over leveraged on their home. Fact, the new Debt Relief Act of 2007, signed by George W Bush will allow people to sell their house as a short sale and not be taxed on the shorted amount. A well-known fact that is. If you are 100 percent financed on your home and can not afford your mortgage payment I suggest contacting a local real estate investor.
Local real estate investors will buy your house as a short sale, handle the majority of the paperwork, and negotiate the sale with your lender.