Saturday School: The Long View on Short Sales

Short sale
Photo by Pla2na / Shutterstock.com

Life can throw you a lot of curveballs. Perhaps you bought a home a few years ago — and have enjoyed living there — when suddenly you lose your job.

Now, you can’t make the mortgage payment. Or, maybe a new employer wants your services, but only if you move halfway across the country.

In such situations, you might be forced to sell your home for less than it is worth. A short sale can help you make this happen. But it often comes with consequences.

In this video from the Khan Academy, you’ll learn about short sales, and whether or not this approach is right for you.

Would you ever consider a short sale? Sound off by commenting below or on our Facebook page.

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