There is no single right answer—only the path that fits your facts and goals.

Four paths worth understanding

A short sale

• A short sale may be worth exploring if the mortgage balance is higher than the property's likely sale value and a move is being considered.
• The lender or servicer generally has to review and approve the proposed sale and payoff terms before closing.
• Before moving forward, ask for clear written information about lender approval, any remaining-balance questions, title issues, timing, and the terms that affect you.

Another sale path

• If the property has equity, a traditional listing, direct sale, or another sale approach may be worth comparing.
• Condition, repairs, liens, market value, buyer terms, closing costs, and timeline can all affect the result.
• Compare actual written offers and projected proceeds before deciding what fits your goals.

A professional referral

• Some situations need guidance beyond real estate, especially where court papers, rights, estate matters, tax, bankruptcy, or credit questions are involved.
• A South Carolina attorney, HUD-approved housing counselor, tax professional, or probate professional may be an important next conversation.
• Ask each professional about their qualifications, role, and any fees before engaging them.

Another custom option

• If you want to stay in the home, contact your loan servicer to ask what loss-mitigation options may be available, such as a modification, forbearance, or repayment plan.
• Requirements, deadlines, and eligibility vary. Ask for the current process and document list in writing.
• Keep every notice and seek qualified advice quickly if you receive court papers or have a deadline.

Learn more about short sale vs. foreclosure, credit impacts, or explore our solutions.