What is a short sale?
A short sale in real estate occurs when the outstanding loans against a property are greater than what the property can be sold for.

What if my home is worth more than my loans, but I could not pay the closing costs?
That can still be a short sale.

If I sell my home short, can the bank come back after me for the money?
NO.  We will secure a full release for you at closing.

Who will pay your commission?
The bank will. You will pay us $0.

How much work will this take?
Not much for you. We will ask you to gather certain financial information and forms for us. We will handle the negotiations with your banks.

Will my neighbors, friends or family know?
NO. Unlike a foreclosure, (which is public knowledge) the short sale private.

If I am going through foreclosure, can I do a short sale?
YES. In fact, the bank will be more than happy to work with you on a short sale. It is to the banks and your advantage to work out a short sale.

Why is it to my advantage to do a short sale?
A foreclosure will hurt your credit far far more. In fact, many banks DO NOT report a short sale.

Can I stay in my house until the short sale is completed?
YES. You will not have to more out until the closing.