Statistics show that only 20% of all judgments ever get collected. Why do I tell you this? Because so many short sale sellers instead declare bankruptcy. They don't want to waste time on a short sale. So they don't do one.

They think that bankruptcy will get rid of their problems. In fact, it could just make their problems worse. Educate your customers. Tell them the truth. They are usually much better off short selling.

They can stop paying their unwanted debts, ignore the debt collectors, and in 2-3 years be back on track. They will be much better off then, versus a bankruptcy which stays on your credit for 7 years.

Got questions about short sales? Just ask.