1. You owe more on your loan balance or balances which are secured by your property, than your home is worth.

2.You will receive much better outcome for your credit with a short sale vs. foreclosure because a foreclosure can effect your credit negatively for up to 7-10 years where as a short sale will affect your credit for as little as 2 years.

3. Most short sales can be achieved with no out of pocket costs to you the seller.

4. A Short sale can help you get out of debt more efficiently and usually with no recourse from creditors who have the property as security for the debt.

5. With a short sale you normally can stay in your home longer than with a foreclosure.

6. You have more control of when you will be looking for a new home, have time to plan your move and finally close your home and move to another property, instead of receiving an eviction notice after you have been foreclosed on and have to move by the banks terms and time able.

7. You will have the peace of mind of having worked out an agreement with the bank rather than being kicked out as a non-cooperating debtor.

8. Your loan modification has been denied or is not sufficient to improve your financial condition by reducing principal or payment amounts to levels that will work for you over the long haul.

9. Save the embarrassment and stress related to the foreclosure process and the negative stigma attached to it for your own and families self esteem.

10. Get out from under an impossible situation now and begin to rebuild your finances with a fresh new start. with in two year or at time shorter time period, you may most likely still be able to take advantage of a market which has significantly lower pricing and reasonable interest rates.