Ask the Expert Section, we recently received a question from Alex, he asks, "I've been reading a lot about short sales because I'm underwater on my Knoxville home. I haven't missed any payments, but owe much more on my home than it is worth. Even though I can continue to make my payments, I'd like to move into something smaller. Would my lender be willing to consider a short sale without verifiable hardship?" Lenders vary on what they will and will not allow for Knoxville short sales. Some lenders are more flexible than other lenders about what they consider to be hardship. Hardship doesn't just have to be job loss, relocation, or illness in the family. It can also be divorce, health issues, increase in mortgage interest from an adjustable rate mortgage, or changes in your family unit. Have you possibly been through type of hardship you're not considering? Is maintaining that size of home getting to be overwhelming for just you? Are there repairs that will need to be made that you will not be able to afford? Even though you are current on your payments, you will more than likely need to show why owning that home is a burden to you or could potentially be a burden to you. You would have nothing to lose my trying to do a short sale on your Knoxville home. You could also consider trying to refinance or modify your loan to make the situation a little less overwhelming. There are many Knoxville homeowner in a similar situation and it is important to know you're not alone. Please do not hesitate to contact me by phone at 865-696-9002 or via email at [email protected]. My team and I are dedicated to helping homeowners explore their options to avoid foreclosure. Also, be sure to check out our Knoxville Short Sale and Foreclosure Solutions Page.