Who are shortsales for?
Shortsales are for homeowners who owe more than market value but need to sell their house.
What is a shortsale?
When a lender agrees to accept less money than is owed on a mortgage as a payoff, it is considered a shortsale. Most lenders are willing to do this because it can cost approximately 40% of the property value in legal fees, holding costs and reselling costs to foreclose.
What can a shortsale do for you?
If you are unable to make your monthly payments, a shortsale may be a better choice than foreclosure.
How can we help?
We are experienced with shortsales and can help you through the process. Contact us below for more information.
We will never sell or give away your contact information. You can read our Privacy Policy and our Terms of Use here.