A Real estate short sale occurs when a home is sold for less than is owed on it. Because the lender is being asked to accept a loss on their investment, they take a role in determining the sales price of the home. A successful short sale transaction requires experience, patience, and the ability to find solutions if problems arise during the escrow period.
As your short sale specialist, we will:
- Determine the requirements of your lender to approve your short sale.
- Facilitate the submission of required documents from you to the lender including a “hardship letter” which speaks to changes in income and/or expenses.
- Determine a listing price for your home, and diligently market it for sale.
- Communicate regularly with your mortgage lender’s short sale negotiator to work towards a selling price that they will agree to.
Call us for a FREE confidential Real Estate consultation.