When determining what to do regarding a short sale there are also some wise words of advice as to your options as well.
Seek legal advice and also talk with your accountant or tax advisor as to what the consequences are going to be if you do a short sale.
They may also be able to assist you on doing your hardship letter as well and of course your accountant can assist in your tax documents.
Please also keep in mind that if you are dealing with 2 lien holders on the property they will both request the information and documentation and decisions are going to vary from lender to lender.
This is a very important decision you are making and you need to know all the facts. I hope you have found this information helpful. If you are in need of further assistance or would like to discuss these options further please feel free to call, 850-566-8373.