Short Sale

A short sale is when a homeowner with a legitimate hardship sells their property for less than what is owed on their mortgage(s) thus avoiding foreclosure and potential bankruptcy because of a real estate related debt.

Considered by many an almost unheard of term a few years ago, short sales have actually been around for decades and typically spring up during economic downturns or in unique individual cases for owners of real estate. Recently real estate short sales have again sprung to the forefront of the current market with banks and lenders increasingly doing short sales.

The problem currently inherent to most short sales is that banks simply do not accept what is submitted to them by agents. Most agents don’t know what the banks want. Follow up by traditional agents has also not been what is necessary. The Lenders agent can change many times. Proper valuation of the real estate asset takes on a very important role. In brief, short sales require a different view of the traditional sales transaction. This is why most short sales take too long and why buyers lose interest.

We are Certified Distressed Property Experts (CDPE). We are members of the Distressed Property Institute and our sole focus is to help you get back on your feet by dealing with this recurring phenomenon armed with the right information, the right documentation and the right approach. We are part of a national network of persons equipped for your specific needs. We constantly monitor this evolving process on a national level keeping a close eye on how lending institutions standards change; integrating what works and avoiding the pitfalls. We monitor the government’s response and work with local institutions assisting in helping people through their time of need.

For this reason we employ a multistep process for each client insuring that they properly qualify as short sales candidates with their lenders and then guide them through the steps to a successful short sale.

We look forward to helping you and would be honored to help.