I want to learn Short-Saling

[Courtney S]

Okay, I have heard of "Short Sales" and what it is and some of the paperwork that is involved in doing one.

But my question is..If I do a short sale would I have to show proof of funds? and if the bank accepts my offer wouldn't I have to pay right then and there?

I dont know would someone be so kind as to give me steps in doing a short sale and how long would it take to close on one?

Thank you in advance