Short Sale Information

Short sale is a common mortgage solution for homeowners whose homes are worth significantly less than (“short”) the loan value. It is considered an alternative to foreclosure. While the process is lengthy, the seller works with a real estate professional to negotiate with the lender, buyer and buyer’s real estate professional to get the sale approved and processed.

Homeowners must meet at least one of the following criteria to be qualified to short sell:

  • Financial Hardship: The seller cannot afford the mortgage.
  • Insolvency: The seller must prove to the lender they do not have liquid assets that would allow for paydown of the loan.

Our team of Certified Distressed Property Experts (CDPE) can help you through the qualification and short sale process. Should you not qualify for a short sale they can discuss other options including programs that may be offered by various lending institutions and  levels of government.

Schedule an appointment to discuss your options.