There is no "quick sale"...it's a SHORT SALE. A short sale is selling your home for less than you owe...thus...short of your mortgage balance. And...the sale is never Quick!!! Short Sales usually take months and months to sell because the bank allows a realtor to list the property and then when the owner receives offers...the bank collects them until they see the highest and best offer. This can take months and months. It is a nightmare and the banks are extremely difficult to work with requiring mounds and mounds of paperwork from the owner and the realtor.
Hope this helps...Maryann Maki/KELLER WILLIAMS REALTY LEADERS in Northwest Indiana.