short sale vs. foreclosure, how to arrange a short saleThere are certain factors to consider if you are struggling to keep up with your house payment, and you might be wondering whether you should do a short sale vs. foreclosure. One factor in making your decision should be knowing whether or not you can continue making your payment during the time it might take you to sell the house. Short sales can take longer to sell than regular homes because of the bank's involvement, so when making the decision about a short sale vs. foreclosure, this is what needs to be determined first.

Once you have made the decision, you should call your bank to find out how to arrange a short sale. They have to approve your short sale in the first place, since they will be losing money on the short sale. They will probably give you the green light, and may even recommend a Realtor to work with. Once you have your home on the market, you'll have to keep it showable at all times, because people will be visiting your home on the spur of the moment, and nothing sells faster than a clean, neat home.