Sometimes the best resolution to a default is the sale of the property. You have the right to sell the property to someone else up until the foreclosure sale date. If the potential buyer’s offer is not sufficient to pay off your loan, we may agree to accept less than the total amount due under certain conditions. This situation is called a “short sale.” Contact us before accepting a contract on the property for less than the total amount currently outstanding on your account to determine whether this option is available to you.