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Short Sale Solutions

What is a short sale?

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.

There are many people in America facing tough times. If you have or are about to fall behind on your mortgage payments and want to talk to me about your options and whether or not you should attempt a short sale of your home, please fill out the form below and I will get right back to you.

Contact Form

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