A short sale allows a property owner to sell his/her real estate at market value while meeting the obligations stipulated by the lender.
A short sale occurs when a property owner owes more on their real estate than it is worth but wants to sell. In order to complete the sale we must have lender approval for the purchase price and terms of the transactions. The property owner typically does not have to be behind on payments but must, however, have a financial hardship. Over the past few years, lenders have vastly improved the process of completing a short sale transaction. At the same time, these transactions can still be extremely tedious with many bumps in the road. Our team is well equipped to handle these transactions in a smooth and efficient manner. We have systems and procedures in place that are flexible, suite the lender’s systems, and anticipate the lender’s needs in order to expedite the approval process.