While needing to consider a short sale on your home is not the optimal position to be in, there are definitely things you need to keep in mind if you want to make a successful argument. First of all, many lenders are reluctant to accept this offer because they had planned on a fixed mortgage yielding a certain amount of money, and when a lot of people try and change these plans, it affects their ability to keep lending money out to other people. For this reason, a lot of companies in the Mesa area will try and put you in touch with lending councilors to help you work on the problem. If, however, you are set on trying to get a short sale, then you should have a good story prepared. If you explain to them the financial hardships you have recently undergone, perhaps they will be more lenient and willing to give you a short sale on your mortgage.
There are a lot of homes in Mesa that are being listed and put on the market right now. Some of these are people trying to get a short sale, which is where the lender decides that selling a property for less than the originally agreed value is more advantageous than trying to get the borrower to stay current on payments. This is one method that helps both banks and home owners avoid foreclosure, which can be a great inconvenience for both parties. If you are not able to do prove that a short sale is the best option for your financial situation, then there is a chance that you will have to deal with the credit consequences of a home foreclosure. For this reason, you should contact your Mesa lender as soon as possible if you think that a short sale is your best option.