Test your short sale know-how with ten simple questions.

If you can't answer most of these True/False questions correctly, you need our help.

1	Buyers are not interested in short sales.
		A. True
		B. False
2	A short sale is not costly to a homeowner.
		A. True
		B. False
3	When your lender approves a short sale, you are released from owing the lender the full amount of your mortgage loan.
		A. True
		B. False
4	Short sales are so complicated they never get approved.
		A. True
		B. False
5	A foreclosure and a short sale has the same impact on your credit.
		A. True
		B. False
6	Lenders would rather foreclose than deal with a short sale.
		A. True
		B. False
7	You do not have to be behind on your mortgage payments to qualify for a short sale.
		A. True
		B. False
8	It is never too late in the foreclosure process to do a short sale.
		A. True
		B. False
9	When there are multiple mortgages on a property, the first lien-holder must always be paid off in full first.
		A. True
		B. False
10	Very few mortgage loans across the country are covered by the Making Home Affordable Program.
		A. True
		B. False