Of all distressed properties sold in California, 23.8% were short sales. This is the highest level of short sales over the past 3 years.
In our practice of debt settlement we have recognized that homeowners facing a short sale have other debt problems to deal with. What do you do about those other debts if you just don’t have bankruptcy as an option? For the right candidate, debt negotiation may be the way to go. If you are facing a short sale and have other debts looming, you may want to consider contacting a debt settlement lawyer to see if it is the right option for you. There are also free resources out there for those facing a short sale, such as the expert panel presented by http://shortsaleopedia.com. They have a number of events scheduled in Southern California and other select cities throughout the country. We highly recommend seeking professional help to work with you on a short sale and any other debts you have.