If you should be dealing with foreclosure in Salt Lake City, UT and also can no longer manage your house, you might get a Short Sale. Salt Lake City short sale is when a home owner offers his/her home for less than the amount owed on the home mortgage. If your home mortgage business consents to a quick sale, you are able to offer your house and repay all your home mortgage balance with the proceeds. Relying on your circumstance, you might be required to make a financial payment to receive a quick sale. A lot of loan providers would prefer a quick sale in Salt Lake City, Georgia to a foreclosure procedure since it permits them to recover as much of the initial lending as you can without a costly legal process.