A Short Sale can be a win-win solution for the home owner and the lender. The lender does not have to go through the lengthy foreclosure process and gets the highest price for a quick sale at a market price. The borrowers don't have a foreclosure showing on their credit and generally get relief from possible future legal actions and deficiency judgments.

A Short Sales is when a property is sold for less than the what is owed to their lender. This is after all sales expenses, including brokerage fees, are taken into account. In order for this to occur, the lender must accept a discounted payoff and the sale cannot be completed unless the lender agrees to the terms presented. In a short sale, the homeowners get complete relief from their mortgage debt. The end result is the home is sold, the mortgage is satisfied and you avoid a foreclosure or a bankruptcy in the event of a documented hardship.

What is a Hardship?

• Loss of Job or Reduced Income
• Medical Bills
• Inability to Work Due to Health Problems
• Divorce
• Death of a Spouse
• Adjustment in Mortgage Payment
• An Unforeseen Increase in Monthly Expenses
• Any other Circumstance that Eliminates Your Ability to Repay Your Mortgage

What are the Benefits of a Short Sale?

• A Short Sale helps protect your credit.  A Foreclosure damages credit up to 7 years and Bankruptcy up to 10 years.  Many experts believe that a foreclosure is much worse than a bankruptcy.
  
  
• Our Short Sale Service is FREE to you; the lender covers all the costs involved including commissions.

• If your property is sold at an auction, you may owe deficiencies and other expenses to the lender. Under most short sales we negotiate, the homeowner will be relieved of this possible future liability.

What Happens If I Don’t Do a Short Sale or my Short Sale is Unsuccessful?

A Foreclosure. Our goal is to help you avoid foreclosure, which will affect your credit more than a short sale. You credit will be damaged with a Short Sale but this will be due to the missed mortgage payments that will show on your credit history. But, once the property is sold, your credit report will show that the mortgage was satisfied.