Short Sale Info


We specialize in helping home owners who are facing difficult financial situation by offering homeowners free consultations. Our goal is to help you avoid foreclosure and we have been Very Successful at just that.

DO YOU OWE MORE ON YOUR MORTGAGE THAN YOUR HOME IS WORTH? Has your home dropped in value? Have you been denied for a loan modification or unable to re-finance because you have negative equity?

A SHORT SALE may be an option to SAVE YOUR CREDIT from a FORECLOSURE. Or, perhaps you are current on your mortgage and are trying to get out from an upside down mortgage.

A short sale is when your mortgage lender allows you to sell your property for an amount less than what you currently owe. For example: If the unpaid balance of a loan is, say, $400,000 and a property’s “fair market value” is now $250,000, under a short sale the lender might accept $250,000 as payment in full. You will not receive funds from the sale, because there is no equity. Your lender DOES NOT want you to foreclose. They want to help you. A short sale may be the answer to your financial hardship.
Wondering if you should simply “walk away” and let the property foreclose vs. sell your property as a short sale? This is a question many homeowners ask. Foreclosure is not a good option and can have severe consequences, including deficiency judgments to pay back your lender (and even your mortgage insurer) for the remaining balance, wage garnishment and sometimes loss of one’s job. You may be sued many years after you think it is all over and you are back on your feet.
NEGATIVE EQUITY, often referred to as “UNDERWATER” or “UPSIDE DOWN,” means that you owe more on your mortgage than your home is worth. Negative equity can occur because of a decline in property value, an increase in mortgage debt or a combination of both.

You are NOT alone!

We have successfully closed hundreds of shorts sales.