HOW DOES IT WORK?
A short sale, also known as a “short payoff” or a “pre-foreclosure sale”, occurs when the lender accepts to take a discount on the existing loan amount owed on a property and the homeowner sells a property to a third party for less than what is owed on the loan.

Therefore, the discounted payoff falls “short” of the total amount loaned. Short sales often occur in markets where the property values have decreased and the homeowner cannot afford to continue making their monthly mortgage payment. If they were to sell the property in a regular transaction, they would have to bring money in order to effectuate the sale.

Given that the borrower is financially insolvent, we negotiate with the lender to accept an amount lower than the actual payoff in order to release the lien.

A short sale can be a win-win situation for the borrower facing foreclosure and for the lender.

Short sales are beneficial to the property owner as it will enable them to sell the property, subsequently relieving a stressful situation and avoiding a foreclosure on their credit.

Short sales are beneficial to the lenders as well, as foreclosures are costly and time consuming. Lenders are in the business of lending money, not owning properties.

ABOUT US

We assist homeowners, realtors, brokers and investors in the negotiation process of a short sale.
We are a neutral third party to the transaction and our primary focus is on the successful completion of a short sale. Our contact with lenders is effective because they know we are working for both the seller and the buyer as a third party negotiator.

Our trained staff works to analyze, negotiate and assist in closing short sales.

Experience: We have extensive experience with short sales and work an average of 75-100 short sales at a time.

We provide you an accurate assessment of your case: Each lender works differently and even each lender works differently depending on whether they hold one lien or both liens on the property. Having closed multiple transactions with almost every lender, we know what you can expect and when to expect it.
We often have a faster turn around: By calling a bank with 10-20 short sales at a time we have established relationships with banks and their representatives, and can often receive approvals faster.

We have worked short sales with the following banks and/or servicing companies: