Foreclosure vs. Short Sales

Short Sale vs. Foreclosure properties:  What's the differance?

A Short Sale is an agreement with your lender(s) to allow you to sell your home for less than what you owe.

A Foreclosure is a home that has already been taken back by the bank and is now back on the market available to be purchased by the general public.

How does a shortsale work?Your lender agrees to sell your home for less than what you owe. We ask them to agree to release the property & you of any further obligations.

Is this a FREE service? Yes, this is a free service to you. As part of the negotiation process, we will ask the lender to pay for the real estate commission and any other fees. There are no out of pocket expenses for you at closing.

You get a Realtor® that specializes in ShortSales working for you for FREE!!

How does that benefit you?
You are able to sell your home instead of going through a foreclosure. If your home is foreclosed, the lender may also go after you personally for additional money owe to them, such as their attorney fees & other losses. A properly negotiated Short Sale eliminates that possibility so you simply walk away without any further liabilities.

Who is eligible?
Everyone! The banks/lenders will not volunteer this option to you, but through an experienced Short Sale negotiator, you can in fact stop foreclosure & simply walk away without any further obligations to the lender whether you are currently in default or not.

Is it too late to start?
Absolutely not. No matter how far into the foreclosure procedure you are, we should be able to put a hold on the foreclosure & turn it into a Short Sale.