Disclaimer: Nothing in this web site or on these pages is intended to constitute legal advice. This material is intended to give readers an overview of the short sale process from the point of view of a real estate practitioner. A short sale or a foreclosure is a catastrophic event for any property owner, and has serious legal, credit, and tax implications. We strongly advise a property owner to obtain legal, credit, and tax advice before undertaking a short sale. We offer a referral to an Attorney with Loan Modification experience. We are not affiliated with nor do we supervise the Loan Modification Company.