A Short Sale is an alternative to foreclosure. In a Short Sale, the proceeds of the sale are less than what is owed on the mortgage(s). Short Sales are an option when the homeowner cannot afford to make the mortgage payments, but the value of the house has fallen below the amount owed on the property. Many lenders will agree to accept the proceeds of a Short Sale as payment in full, forgiving the rest of what is owed on the mortgage.

If you have already received collection letters from your lender, the time to act is now. A Short Sale may be able to save you from a Foreclosure.

If you are not behind on your mortgage, but are unable to continue making your payments, a Short Sale may, also, be your best option. The sooner you start, the more options you have.

If you are upside down on your house, a Short Sale may be your only option to avoid Foreclosure. A homeowner is said to be ‘upside down’ when the market value of their home is less than the amount owed on the mortgage(s). This can happen to a lot of people in a declining real estate market. If you are unsure about whether you are upside down, call me and I can answer your questions.


We are here to help with any questions you may have in understanding your current needs and situation. 
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