Short Sale Proceedings
We will work with your lender together with experienced realtors to help sell your home for less than you owe. In a short sale, most lenders accept the home sale price as the full repayment of your loan, even if your house sells at a loss. We work towards getting any deficiency waived. This will allow you to have finality and move on.
Many lenders/banks prefer short sale over foreclosure. Some will even postpone foreclosure to give you time to sell. Many shorts sales end up costing the homeowner ZERO. The commission is paid from the sale.
If you decide that a short sale is your best solution, we work with realtors on all documentation, procedures and discussions with the bank. We are experienced and have in-depth knowledge of the local real estate market and lender practices. We know the strategies that work and the processes that will lead to a cost-effective solution to your problem.
In a short sale, the lender accepts less than the full amount owed to satisfy the mortgage. This arrangement has several benefits.
- Homeowner/Seller: The homeowner completely avoids foreclosure and becomes free of the house note
- Buyer: A home buyer purchases the house at a desirable price
- Lender: The lender mitigates expenses that would be incurred if the home went into foreclosure
Our friendly, knowledgeable staff has a wealth of experience in short sales. We offer effective representation in short sale negotiations, workout negotiations and foreclosure defense representation. Contact us today for your free consultation!