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If your home’s value is less than what you owe on your mortgage you may qualify for a Short Sale.
We have a lengthy track record of successfully navigating the Short Sale process with a variety of mortgage companies.
Foreclosure
- Results in a judgment against homeowner
- Possibly up to 7 years before you can qualify for a mortgage again
- Significant negative impact to your credit score
- Possibly required to repay some of the mortgage debt
Short Sale
- Mortgage debt reports as “settled” with no judgment
- No obligation to pay short fall amount
- Become a new homeowner in as few as 3 years
- Credit score typically improves within 90 days of sale
Deed in Lieu of Foreclosure
- Known as FRIENDLY foreclosure
- Results in a judgment against homeowner
- Possibly up to 7 years before you can qualify for a mortgage again
We Can Help You Successfully Navigate
The Short Sale Process
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No Cost To You
There's never a cost to you, the Homeowner.
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Leverage The Experts
Short Sales is our company’s primary focus. Our team has decades of experience and we are uniquely suited to handle any situation that may arise.
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Save Time
We eliminate frustrating mortgage company calls and virtually all paperwork for Homeowners.
Frequently Asked Questions
A Short Sale is when a mortgage company agrees to take less money than what they are owed on a mortgage to allow for a home sale to be completed.
The majority of mortgage companies agree to waive the shortfall amount with no future collection activity from the homeowner.
Most mortgage companies report the debt as “settled” and once the sale is completed the loan balance is removed from the credit report improving the credit score.
The mortgage companies pay all customary homeowner closing fees like realtor commission and property transfer tax and recordation fees.
Once the property is under contract for sale it can take 30-90 days for the mortgage company to complete its review process and issue approval terms.
Yes, typically in 2 1/2 – 3 years you may qualify for a new mortgage.
Foreclosure results in a judgment with a greater negative impact on the credit score and increases the time before you can qualify for a new mortgage. The Short Sale results in no judgment, settled debt, and a quicker path to new home ownership.