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Rate Your Credit	Select Excellent Good Fair Needs Improvement Poor	(Estimate ok)
Mortgage Amount	Select $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000+	(Estimate ok)
Payment Status	Select Current About to Fall Behind 31+ Days Behind 61+ Days Behind
Property Value	Select $50,000 $100,000 $150,000 $200,000 $250,000 $300,000fs $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000+	(Estimate ok)
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With loan modification as a best solution to save the house, short sale is the best for homeowners who couldn’t pay their mortgage and are not qualified for loan modification. It could happen if borrowers’ income is not sufficient to support any reasonable modified rates or not stable enough to convince lender that borrower will be able to pay modified mortgage rates in foreseeable future. Any homeowner that is two months late on their mortgage payment and can also demonstrate the inability to pay their mortgage would be considered a short sale candidate. The homeowner is considered pre-foreclosure when the bank officially sends a notice of default or a notice that they’re taking legal action against the homeowner to collect the debt. Short sale can still take place during the foreclosure process.