What is a short sale?
A short sale in real estate occurs when the outstanding loans against a property are greater than what the property can be sold for.
What if my home is worth more than my loans, but I could not pay the closing costs?
That can still be a short sale.
Who will pay your commission?
We do not receive a commission unless your property is sold. If the bank reduces our commission, you will NOT pay us the difference nor receive a bill. You will have NO out of pocket costs.
Who will pay the attorney?
Our preferred attorney’s will never send you a bill, even if your property is not sold. They will accept what the bank approves, and will close your property even if NO payment is approved.
Who will pay the Title Company?
Our preferred title companies will never send you a bill, even if your property is not sold.
How much work will this take?
Very little. We have an in-house negotiator who will handle the majority of communication with your lender(s). Click here to get a better idea of how the short sale process works.
If I am going through foreclosure, can I do a short sale?
YES. In fact, the bank will be more than happy to work with you on a short sale. It is to the banks and your advantage to work out a short sale.
Why is it to my advantage to do a short sale?
A foreclosure will hurt your credit up to 200 points more than a short sale.
Can I stay in my house until the short sale is completed?
Yes. You will not have to move out until the closing.