Bank Short Sale  Are you behind on your mortgage, owe more than
your home is worth, or at risk of foreclosure? A bank short sale
may just be the solution for you. It helps you avoid the
difficulties of foreclosure while relieving yourself of loan
obligations, allowing you to start over faster. If other
solutions are out of the question and you’re not that keen on
keeping your home, a bank short sale should definitely be on
your list.  What it is  The simplest bank short sale definition
is an arrangement wherein the lender allows a borrower to sell
his home at a discount and accepts the proceeds as payment for
the loan. Basically, the bank agrees to accept less than what
the homeowner owes and forgives the rest of the balance,
allowing them to walk away with a clear account.  Who Qualifies
The bank short sale process best suits people who have negative
equity, or those whose debt on the home is larger than the
home’s value. This is because even if the bank goes ahead and
forecloses, there isn’t enough value i