A short sale may be the best option for you if you have been denied a loan modification or facing foreclosure.

what are some benefits of a short sale?

  • A short sale allows for a house to be sold no matter how much is owed on the mortgage. 
  • A short sale prevents a buyer from purchasing a home with zero equity and/or requiring the seller to bring a large sum of money at closing to cure any balances.
  • The seller may walk away without any judgments for the amount that was still owed due to the bank and/or lien holders forgiving the deficiencies.
  • You may qualify for relocation assistance.
  • A short sale is NOT a foreclosure. 
  • This is a FREE option to the borrower to avoid a foreclosure.
  • You may be able to purchase another property within two to three years from completion of a short sale.

Request a consultation

Click below to contact me for more information or submit a property for short sale review.

Is it A SHORT SALE?

1

Owes more on the house than what it is worth: mortgage, fees, liens, taxes, etc.

2

Financial hardship:
Divorce, loss of income, job relocation, etc.

3

Delinquent mortgage:
At least 30-90 days behind on payments

fyi:

DON'T DO NOTHING

A surprising number of people just accept what they see as the inevitable, and let a foreclosure run its course by ignoring communication from the lender. Don’t let it happen – the damage to your credit will follow you for years to come. Keep open and honest communication with your lender regarding your situation.

STAY IN THE HOME

During the short sale process, you may be eligible for the relocation assistance program offered by your lender, only if you still reside in the home. Abandoning the property will automatically disqualify you.





STAY COMMITTED

Your cooperation is imperative throughout the entire process. Ensure you can comply, stay in contact, and provide the documentations required by your lender. You will also need to cooperate with scheduling showings.

THERE ARE ALTERNATIVES

If you don't qualify for a short sale and need to avoid foreclosure, contact your lender. Other programs that may be offered are: forbearance, loan modification, partial claims, deed-in-lieu, temporary indulgence, etc.




If you have additional questions…

The short sale agent

The short sale process is complex and requires a real estate agent who deals with short sales to handle the entire process from start to finish.

1

Hire a real estate agent

It is required by lenders to hire a real estate agent to represent you during the short sale process. I know the process and will stay in communication with  you and the lender weekly  for progress and updates.

2

Initiate SHORT SALE

I will provide the short sale packet and submit all paperwork to the lender on your behalf for review. In addition, maintain updated documents to keep the process moving along.

3

NEGOTIATE WITH LENDER/lien holders

I will negotiate with the lender and other lien holders on your behalf to get your debts and fees settled for a short sale approval.

4

close

Sell your home and avoid foreclosure and damage to your credit.

lender requirements

REAL ESTATE AGENT

If you have any question, concerns, or help determining if you qualify for a short sale contact me for a consultation.

SHORT SALE PACKET

If you eligible for a short sale you will need to provide documentation and complete a short sale packet required by the lender.

ARM'S LENGTH TRANSACTION

Buyer and seller can not be related or affiliated with each other.

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