It is well known that a good many homeowners are under water in their homes. They owe more than it is worth. That is the truth of the economic situation we are in.
At the same time, there are still people that find themselves in a situation where they need to move. It could be because of a family situation or even their job situations.
Many homeowners despair because they do not see any options. Buying a home was supposed to be a great investment. Now, they can't even get what they paid for it. Life is still happening, and they feel stuck.
The good news is that there are alternatives. A short sale is a great alternative to being foreclosed on. In fact, many of the big lenders are offering cash incentives to homeowners if they opt for the short sale route.