“Short Sale” is a loss mitigation option that many lenders will employ which provides that the lender agrees to discount the payoff of an outstanding mortgage instead of foreclosing. This “discount” can often allow the homeowner/borrower to successfully sell their home to a third party buyer even if there is little or no equity in the home.


In addition to being a Real Estate Broker, I specialize in helping homeowners who have falling behind on their mortgage payments avoid losing their homes to foreclosure. A short sale is the last resort or the choice when the borrower no longer wants to remain in possession of the property. While I can’t promise to work miracles, I will use the skills and tools I have at my disposal to give you the best opportunity to sell your property. TIME IS OF ESSENCE. The sooner we start the process, the better our chances of its success. I will evaluate the property, perform a BPO (from this information we establish the list price), list it in MLS and FMLS, take photos, list any repairs that substantiate a reduction, place the lockbox and sign on the property, market/solicit for buyers, negotiate and be the liaison between you, the bank, buyer, buyers agent, banks appraiser, and show property when necessary. 99.5% this process does not allow the Seller/Borrower to receive any funds at closing. As the Borrower, you are primarily trying to be released from future payments and avoid having a foreclosure blemish your credit.

 

Not all homeowners qualify for a short sale. The mortgage company will require the homeowner to provide them proof of hardship prior to a short sale being approved. What constitutes a hardship will vary from lender to lender. The sort of hardship that a mortgage company will consider legitimate are:


  • Family illness or injury

  • Illness or injury in the extended family-particularly if it forces relocation

  • Job relocation when the property is equity deficient

  • Job Loss or significant income loss

  • Divorce or split of domestic partners

  • Adjustments in mortgage payment or unforseen increase in living expenses

What is a Short Sale Required
Contact Information
First Name
Email Address
Last Name
Phone Number
Property Information
Property Ownership
Primary Residence     Investment
Street #
Street Name
Suite #
City
Zip/Postal Code
PO Box
State/Province
Country
Property Type
Bedrooms
Bathrooms
Square Footage
Age Range of House
Garage
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Questions
Are you currently working with a Realtor?
Yes    No
Are there any liens on the property?
How many payments have you missed?
Do you own any other real estate?
Is there an HOA? 
 Is the home in need of repair?
Are you behind on your mortgage(s) notes?
Are your county/city taxes up-to-date?
Have you talked with your mortgage servicer recently?
Have you talked with a local real estate professional?