Can you short sale your home even if you are not late on your mortgage and may be able to make the payments. In the industry that is called a ‘strategic short sale.‘
A short sale happens just like any other home sale. A Realtor lists the home, an offer is received, you (the seller) decide if you want to accept, reject, or counter the offer. Once terms are finalized the home is pending/ in contract just like a normal sale. You and the buyer sign the contract.
You don't need prior approval from your lender to do a Short Sale.
You DO NOT need to be late on you mortgage to do a short sale. In fact, there is an advantage now in remaining current on your payments.