Foreclosure is NOT your only option

A smart sale is a Short Sale









The Short Sale Process

A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency.  This can be an excellent solution for homeowners who need to sell as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower. 

 Short Sale Submission

Each bank is different and requirements vary for a short sale submission. The following are the most typical and important documents that get submitted to the bank…

  • Purchase Agreement (signed by buyers and sellers)
  • Homeowners Hardship Letter (explaining why regular payments can no longer be made and/or reason you need to sell)
  • Financial Documents proving financial hardship (Paystubs, bank statements, etc)
  • Competitive Market Analysis (CMA) showing comparable area sales
  • From this point on our team of professionals will have full communication with your bank to ensure deficit release at the time of closing. 


We have a complete "Short Sale" specilized team to help you accomplish this.