When the recession hit the economy back in 2008, millions of homeowners had no choice but to give up their homes because of foreclosure and short sales, which increased the number of available properties on the property market.

It seems to be that many people are preferring short sales nowadays. If you're having some difficulties with paying back your lenders due to the fact that the selling price of your property is less than what you owe them, then it's worth exploring short sale.