Frequently Asked Questions
What is a Short Sale?
A short sale in real estate occurs when the bank approves the sale of a property for less than the outstanding loans against a property.
What if my home is worth more than what I owe in mortgage, but I cannot pay the closing costs?
That can still be a short sale.
Who will pay your commission?
The bank will. You pay us $0.
Who will pay the attorney / Title Company?
The bank will. The attorneys and Title Companies we work with will NEVER send you a bill. Even if the property does not sell, you pay $0.
How much work will this take?
NO headaches or hassles for you. We will ask you to gather certain financial information and forms for us to submit on your behalf. We will handle the negotiations with your banks and the sale of your property.
If I am going through foreclosure, can I do a short sale?
YES. In fact, the bank will be more than willing to work with you on a short sale of your property. It is to the banks interest 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 more than a short sale would. Credit repair/ reestablishing credit will be much easier after a Short Sale than after a Foreclosure.
Can I stay in my house until the short sale is completed?
YES. You will not have to move out until the closing.