A Realtor recently asked me an excellent question: As a Realtor, I'm representing a seller of a home with a first mortgage and a second mortgage. While both mortgages are current, the sum of both mortgages exceed the value of the property. Will lenders consider a short sale when the mortgages are current? My response: The short answer is a resounding "yes".  The lender will consider a short sale even if the borrower is current, the question is how will that impact the final terms of the short sale. A very important and early disclosure is warranted here. Short sale Realtors and buyers should never counsel sellers to stop making their payments. That is a decision sellers need to make wholly on their own or upon consultation with a lawyer. If the borrower has the financial strength to mak... 01/02/2010