Time is of the essence.
Short sale situations tend to be time sensitive and consuming. The sooner negotiations begin the greater the chances of a successful resolution.
If you foresee trouble in making your monthly mortgage payment, you should begin considering your options. The best time to begin the short sale process is before you miss your first payment to allow more time for lender approval. There is no need to wait until the lender sends you a notice of default or initiates formal foreclosure proceedings.
If a notice of default has been filed or a Trustee Sale has been set, contact us as soon as possible. It is not uncommon for a lender to postpone a Trustee Sale when presented with a pending offer.