How to write short sales

Faced with the prospect of a lock on your House or some other real estate, it is frustrating and even frightening. The impact on your credit score and record locking is deep and long lasting. If the lock on the horizon for you is, you should therefore preemptive solutions that are available. An option to consider is what is called a short sale real estate and mortgage industries. Can understand, such as negotiation and elaboration of a plan of shorting the way be step in which address your financial problem only today, but in the future as well.Difficulty: moderately ChallengingInstructionsThings need: agreement with the mortgage lender discount BalanceContract ready to sell the real EstateConfirmation loan satisfaction lender1Contact your lender mortgage home and advise you your property. 2Obtain short sale agreement written your mortgage lender, the balance on your loan discount are interested in. This agreement is crucial if the current market value at less than what is due on the loan. A discount on your credit means reduced lender the amount to be paid on the loan ensures that a sales focus on the due. 3Place balance is your home or other property in the market, understand that you require in the location a price is much more convenient that the absence of any agreement of mortgage lender awards were case. The process for the approval of your lender and real for sale offers this way, what is known as a "short sale" legally. 4Enter a purchase agreement with a potential buyers at a price at least in the amount of discount equal reduced or mortgage sales loan. 5Close. The distributidie transaction that is used to full to befriediGen your House loan. 6Request mortgage statement written by the mortgage lender that your account is paid in full.