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Posted about 15 years ago

Short sale overview

A Short Sale is a situation in which a home is sold to a new buyer, and the sales price is less then the face value of the mortgage loan, plus back payments (if any), plus all other sales and closing costs such as title, escrow and real estate commission fee's

During a Short Sale, the owner markets the property for sale with an experienced Short Sale Specialist in an attempt to sell the property at the best price thus bringing in as much money as possible to the lender.

When the property is sold to a new buyer, the seller relinquishes the property just like any other sales transaction.  Many lenders today would prefer to accept a Short Sale versus going through with foreclosing on the property.

The Short Sale Specialist negotiates with the lender to arrive at the most competitive value.

It is our primary responsibility as your Short Sale Specialist to work with your lender and facilitate a successful Short Sale.

We are Short Sale Specialists. We help property owners by working with your lender to negotiate your payoff amount in order to price your home competitively and get it sold.

We will also aggressively market your property to attract buyers and oversee the entire sale process to closing.
These services are at no cost to homeowners.

Because of the documentation required, the Short Sale process can be lengthy. But if done correctly, it can work well for all parties involved.

The lender avoids the uncertainty of the foreclosure process, the seller avoids a foreclosure on his or her credit report (along with potential bankruptcy), and the buyer gets the best deal available for the property.


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