In situations where a homeowner needs to sell their home but is unemployed, has medical issues or the home is worth less than they owe, the lender may agree to allow a real estate sale for less than the balance due on the mortgage.
A “short sale” allows both parties to walk away and avoid a lengthy and expensive foreclosure process.
Many home stagers who live in depressed real estate markets assume that the short sale sector doesn’t represent an opportunity for them. This is not the case.
This topic and more are covered in this FREE Report, updated for 2011