Today a lot of homeowners find themselves in the position of owing more money on their home than what it could be sold for. One thing mortgage companies are doing to help is the short sale process. In a nutshell this means if you owed $100,000 on your mortgage the bank may accept less to have the mortgage declared as paid. This is a good possible option for people currently in foreclosure; it helps get the mortgage of the banks books and relives the burden on the homeowner.