Five Short Tips on Short Sales for Realtors

1. Reach out to homeowners and be their advocate.
2. Find a HUD-approved credit counseling agency http://www.homenow.com/.
3. Read the MLS listing carefully.
4. Educate consumers on length of time required to approve a short sale.
5. Find out whether seller has a recourse loan or non-recourse loan.

This information came from a video posted on the National Association of Realtors website, where you'll find much more helpful information for your business.

http://www.realtor.org/about_nar/presidents_report/_podcast_archive/mcmillan_shortsale_20091006