What is a short sale?

Simply put, a short sale is a Lender’s voluntary acceptance of less money than is owed and the release of liens or the Lender’s security interest so a property can be sold as an alternative to a foreclosure sale.

Do I have to be behind on payments?


No,  and we would never tell you to stop making payments. The real issue here is your hardship or reason that you can no longer afford to make your mortgage payments and maintain the property. If you have loss your job, you have experienced an extended illness or disability, you have a failed business, a divorce has severely reduced your ability to make payments or some other hardship has occurred, you do not have to be behind on payments before our negotiators can begin the short sale negotiation.

But I owe too much, I'll never be approved!


Not true!! Lenders/banks would rather allow you to short sell your house than to walk away and foreclosure.  Foreclosure is much more costly to the banks.


Do you charge any fees?


The good news about a Short Sale is that you as the Seller do not have to pay Realtor commissions – this is a savings of 6% of the price of your home. There is a small upfront fee that we charge you, as the Seller for the negotiation and mitigation services.

How long does a short sale take?


The length of time it takes to complete a short sale has almost everything to do with the lender or lenders involved, however getting the property priced right ensures that we can get a buyer the quickest.  We start the process with a complete Short Sale Package. The lender will typically order an appraisal of the property in 1-2 weeks; and a short sale approval is usually accomplished in 60-90 days after there is a contract on the property. 

I'm Convinced This is Right For Me , What Do I Do Next?


If you would like to move forward with a short sale, download our Short Sale Guide  page.