The Short-sale Process

SHORT-SALE an arrangement between MORTGAGOR (borrower) and  MORTGAGEE (lender) through which the mortgagor retires the mortgage obligation with a payment of something less than the total outstanding PRINCIPAL BALANCE.
Like any sale, Your home is a product of value in the marketplace.  Because we will not be able to pay off the full amount of the existing mortgage, the bank will have to approve the sale.  Call an agent to go over pricing and gameplan. 

Relocation: Find local homes for lease throughout Orange County, OC Rentals
You may qualify for an owner-financed property, Owner-Financed Properties
IMPORTANT: READ: Debt Relief Act to protect homeowners who short-sell:  
The Mortgage
Debt Relief Act of 2007