Their is not enough man power at short sale locations to properly service them before the buyer walks away disgusted.Now it has taken to long creating yet another mess .HELP!
Tim Geithner ,please help.

How do find a list of short sales??? Not a site that charges you. You would think the mortgage company would want to advertise it. I don’t want to use a realtor until i find what im looking for

With how the economy is going today, there are a number of people who are having a problem facing their financial obligations.  These financial obligations are not only apparent on daily bills but also for mortgages and other loans.  And if you are having some problems in sustaining your mortgage or your property, you might want to try short sale instead of having it on foreclosure.  This is perhaps the best way for you to face lesser credit standing issues.

However, what is a short sale and how will it have an effect on your credit score?  Short sale is the instance where you are going to sell your property, with the approval of your bank of course, at a discounted price compared to its original price.  In this way, you can pay the amount that you owed the bank.

If short sale was done properly, there is a great chance that your credit standing is not going to be affected.  How can you execute this properly?  You should be able to put your house on sale with very few expenses.  If it is possible, convince the lender to get the full amount of sales in order to cover for the whole amount loaned.  At the same time, if you will be getting help from an agent, find someone that will ask for smaller commissions.

However, if the amount of sales is not enough to settle the debt, you can pay the remaining amount in terms.  This is called loan for deficiency that will allow you to pay at the most affordable price and flexible terms that you can keep up with.  You just have to be aware that it will definitely reflect to your credit record.  But granting that you can pay them properly, the effects will not be that detrimental to your credit record.

Another option in order to get the remaining amount owed is a suit.  However, doing this option is going to give a negative judgment to you.  And thus, will result to a much greater credit report issue.

So basically, the effects of short sale on your credit record are based on how you settle the remaining amounts after the sale.  Be sure to be committed in paying the remaining amount if there are any.  If you will not be paying it properly then you are just putting your credit score to a big problem.

So if you want to settle the amount that you owe through short sale, it is important for you to ask your bank for these and other options that might have lesser effects on your credit score.  In this way, you can avoid future problems in terms of finances as low credit records will make your charges much expensive than it should be.