Loading your assessment…
Add Your Property First
This assessment uses your saved property information. Add your property before starting.
Let's see if a short sale is worth exploring
This is an educational review — it does not determine eligibility, approve a short sale, or replace lender and legal review. It simply helps identify whether a short-sale discussion may be appropriate for your situation.
You previously completed this assessment. You can review or update your answers.
Estimated Value minus Mortgage Balance. Negative equity (owing more than the home's value) is a key factor in short-sale reviews.
Are you willing to sell the property?
A short sale is one way of selling — this helps us see if it fits your goal.
Why are you considering selling?
Short sales generally require a documented financial hardship.
Can you continue making your mortgage payments?
Does the property have:
Are there other liens or judgments?
Has your income changed?
Have you already spoken with your lender about a short sale?
Short sales require lender approval, so early contact often helps.
—
Why this result appeared
—
A short sale generally involves selling a property for less than the amount owed on the mortgage, subject to lender approval. The lender agrees to accept the sale proceeds as payoff even though they fall short of the full balance.
Every lender has different requirements, and not every homeowner or property qualifies. Short sales usually require a documented hardship and lender review, and they can carry financial, credit, and tax consequences. This assessment only helps you decide whether the conversation is worth having.
This educational assessment is not legal, tax, lending, or real estate advice. Short sales require lender review and may have financial, legal, and tax consequences. Consult qualified professionals before making decisions.