Eli Tene from Peak Corporate Network (http:.//www.peakcorpnet.com) to discuss in Fox Business News the advantage of short sales (http://ishortsale.com)

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In this video, I cover the overall short sale process and outline what to expect when working together with our team. You can get more information about short sales and our team at http://www.sdshortsaleexperts.com.

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http://www.kw.com News You Can Use is a series of consumer-oriented videos designed to offer viewers information on a specific topic related to buying or selling a home. The series is continually updated, so check back often for more editions.

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Explanation of the results received from your Break Even Analysis. The short sale calculator is located at http://calculator.sdshortsaleexperts.com & http://www.123short.com

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I think a short sale is when you still have control of your property and are only a couple months late in paying your mortgage? If I enter into a short sale, how long does the process take and what time will I have to vacate the place? I’m underwater in my house. I’m also unemployed. Thx.

A short sale can occur when the owner of the house wishes to sell it, but the value of the house exceeds the mortgage. In a short sale situation, the bank continues to foreclose (if necessary) and the seller hopes to find a buyer before the foreclosure process completes. If a buyer is found, and if the buyer’s offer is accepted by the bank, then the process takes between 30 and 60 days (just like a normal sale).

The problem is that the bank rarely approves a short sale quickly. Also, the bank may change its mind right up to the last day before closing.