You can short sell your home and it costs you zero out of pocket. How is that possible? Your bank will pay the Realtor for you. Here is how it works. A seller puts their home up for sale as a short sale. The Realtor markets the home to buyers. A price is agreed upon between the seller and buyer.
The price is what the Realtor determines would be acceptable to the mortgage company. The mortgage company would rather sell a house as a short sale instead of after foreclosure or bankruptcy. They agree to pay all the selling costs and the Realtor's commission. The seller benefits from salvaging their credit and walking away from the debt. The bottom line is that you can short sell your home whether or not you can pay for a Realtor.