How we can help you

We are successful with negotiating short sales. There are requirements needed to start the process. Send a simple email to our office explaining who you are, your property address, and your contact information.

What sellers should know
 
The bank does not want to own your home; the bank wants you off the mortgage. A short sale is said to be an acceptable and reasonable solution when property owners owe the lender more than the property is worth. Borrowers should talk to their lenders as soon as possible. Don’t be afraid of lenders. The lender is in the lending business, not the Real Estate business. They do not want the property. They want to work with the borrower to ensure the loan is paid. Be aware that you do have to qualify for a Short Sale by providing the bank a reason why you cannot keep up with your mortgage payments. Some examples are a rate increase due to an ARM, loss of job, medical, divorce and bankruptcy.

Short Sale option

A Short Sale occurs when a mortgage servicer agrees to accept less than they are owed for an outstanding loan. This allows the home owner to sell the home at market value, satisfying their mortgage obligation. A foreclosure occurs when a mortgage servicer takes the property back through foreclosure, evicting the current home owner in the process.

  
What buyers should know
 
This can be an excellent time to find a great value in a new home. Work with a Real Estate agent who is knowledgeable in both the buyer's and seller's side of a Short Sale. The mortgage servicer is not in the business of owning Real Estate. A real estate agent will need to know how to determine the value the bank will place on a home.