As the FDIC and the Fed continue to push for a uniform standard for loan modification eligibility, it is becoming more difficult to qualify. if modification efforts are being declined over and over again and it seems that foreclosure is imminent, doing a short sale is an option that keep you, the homeowner, in control of the process. A short sale will make the time line for moving much more manageable and may even allow you to stay in the home for many months more.