What Is A Short Sale?

---

Yes.  We work with both of your lenders to obtain approval letters from both lenders. However, each lender will have to be negotiated individually and it may take longer. 

Yes, we have worked with other liens such as IRS, Debt Collectors and Home Owners Association liens (HOA).  It does get more complicated, however, we are very successful in obtaining approvals with various lien holders. 

Yes.  We will sell the property in "As-Is" condition.  No repairs will be made and you will not need to expend in any money in repairs before, during or after the short sale transaction.  

Yes.  The short sale process can often take up to a few months (in some cases, depending upon your lender as soon as 30 days).  In our experience, most sellers prefer to stay in the property until the close of escrow. 

You pay nothing when you choose a short sale.  Your lenders pays all real estate commissions, title and escrow, closing costs and any approved home repairs.  In some cases, we have been able to negotiate any property taxes and HOA dues.  

Absolutely.  We handle all residential properties in all price ranges, including residential apartment buildings.  This includes single family residence, condominium, townhouse, duplex, triplex, fourplex opened a new location, redesigned your shop, or added a new product or service? Don't keep it to yourself, let folks know.

Yes, however, it may be a longer process. If you are considering bankruptcy as a way to stop foreclosure, be sure to consult an attorney for legal advice.

If you are faced with a hardship that makes it likely you will be unable to meet your obligations, your lender would more than likely prefer a short sale to a foreclosure.  Short sales are more beneficial to a lender than a foreclosure because lenders are not in the business of managing and owning property and short sales are less expensive than completing the foreclosure process.

Yes! We are happy to work with your on the sale of your home.  We have over 28 years of real estate experience assisting homeowners sell their home or investment property.  We sell single family residences, condo's/townhomes and investment properties.  Call us for a free market evaluation.  

Short Sales offer benefits over foreclosure and bankruptcy.  These include less impact to your credit score and your ability to purchase a new home in the foreseeable future.  Lenders view short sales less negatively than a foreclosure.  Having your home foreclosed indicates you stopped making payments and legal action to take ownership was necessary to recover the debt. A Short Sale will appear on your credit report as "settled."  

A foreclosure stays on your credit for approximately seven years from the original delinquency date.  A short sale allows you to purchase again anywhere from 3+ years depending upon your delinquency period, type of loan you had and other extenuating circumstances.  Our specialized and trained team can help you avoid the impact of a foreclosure.

Not necessarily.  There are no guarantees that a short sale will work for you. Once you are behind in your mortgage payments, it is important to start looking into options to avoid foreclosure.  Typically, lenders prefer not to foreclose and often agree to a short sale. For this reason, it is important to seek the advice and/or representation of an experienced Short Sale Specialist that knows short sales and how to get them approved. We have completed hundreds of short sales and have a high approval rate in closing short sales.