Short Sale Negotiation

Short Sale Negotiation

Over the past several years lenders have funded billions of dollars in bad loans.  Along with the decline in property values nationwide, many homeowners now find themselves in “upside down” loans.  This means that the property is worth less than the amount owed.  For those who cannot qualify for a loan modification, selling the home is an option; but it is nearly impossible to have a traditional home sale when facing this situation.  There is an alternative method for selling this type of property; it’s called a Short Sale.  We can negotiate this with the lender on your behalf so that they will accept less than the current balance due on the loan as full loan payment.  This will help save your credit from further damage.

We Can Help

  • If you need or want to sell your property.
  • If you owe more on your property that it is worth, and want to leave or cannot afford to stay in your property.
  • Extend the time of the foreclosure so you can get your house sold at the best price possible.
  • We can work with the bank so that you will not owe any money when the property is sold.
  • If you do not have a realtor, we work with a network of exceptional realtors who specialize in marketing short sales.

Although a short sale is an excellent solution, the seller/borrower is at risk for serious financial, legal and tax repercussions. A short sale requires your best interests in mind to reduce or eliminate the deficiency obligation, to reduce the impact to your credit scores and to avoid negative tax consequences.

Foreclosure vs. Short Sale

When considering to short sale your property and defend a foreclosure a person should consider the consequences to their credit and future employment.  Click here for a side-by-side comparison.