Short Sale

A short sale allows you to sell your home to a third party at a market price which is less than the total amount you owe.

The short sale process has historically been the most abused method of selling a home. Please review our “Scam” section to learn how to avoid scams by learning from our previous clients.

Our entire Loss Mitigation Network of former REO brokers was established to facilitate a smooth and legitimate sale if you can no longer afford your home. Each of our Realtors have agreed not to work with investors when listing short sales. They list homes to attract a retail buyer at the highest possible market price.

In a short sale the lender accepts a discount of the current mortgage in order to avoid a very costly foreclosure and eviction process. A short sale will allow you to save your credit and you will not have to move out until the home sells.

The short sale is a complicated process which requires time and lender approval so you should sign in and open a case as soon as possible. Many lenders will stop the foreclosure if your home is listed with one of our Loss Mitigation Consultants.

In a short sale the lender takes a loss which on average is approximately 25% of the principal balance of the original loan. In order to accept a loss the lender must use due diligence in verifying your current credit and financial condition. That requires a short financial statement much the same as a loan application along with tax returns W-2 earnings and a hardship letter stating the exact reason you fell behind on the loan.

If you want to save your credit and are willing to cooperate with the lender, our loss mitigation Realtors make this process simple.