What is a short sale?

A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner.  In some cases the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.

Why is the number of short sales rising?

Due to the recent economic crisis, including rising unemployment, and drops in home prices in communities across the nation, the number of short sales is increasing.  Since a short sale generally costs the lender less than a foreclosusre, it can be a viable way for a lender to minimize its losses. 

A short sale can also be the best option for homeowners who are "upside down" on mortgages becasue a short sale may not hurt their credit history as much as a foreclosusre.  As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially.

If you are interested in completing a short sale for your property, please fill out the form below and someone will be in contact with you shortly.

Thank you!

First Name

Middle Name

Last Name

Street Address

City, State

Zip Code, County

Is this your primary residence?

Yes   No 

Email:

Telephone:

Fax Number:

Cell Number:

First Mortgage

First Mortgage Balance

Number of Payments behind:

2nd Mortgage

2nd Mortgage Balance

Number of Payments behind: