Short Sales

What is a Short Sale?

A short sale is, “The sale of a property by a financially distressed borrower for less than the outstanding mortgage balance due where the proceeds from the sale will be used to repay the lender. The lender then accepts the less-than-full repayment of the mortgage (and the borrower is released from the mortgage obligation) in order to avoid what would amount to larger losses for the lender if it were to foreclose on the mortgage.”

The phrase your house is ‘upside down’ means that you have more debt on the property than what it’s worth. For example, if the property is worth $400,000 and there is a $700,000 loan on the property the house is considered upside down. Short sales are not just for home owners immediately facing foreclosure. Short sales may be attempted by anyone who has had a financial hardship.

If you are thinking about short selling your property please request a free confidential Short Sale Pre-Approval Consultation. We have made counseling representatives available to assist you 24 hours a day at:
(857) 251-5575 or by submitting the form below.

Online Reports

To enhance your buying and selling experience, it’s our job as Real Estate professionals to provide you with as much valuable information as possible. It is essential that the buyer or seller be aware of all aspects of the real estate market before making a major decision. Whether it be through newsletters, checklists or news articles, we are here to make this process stress-free and rewarding. Please access our free reports today! Your personal contact information is valued and will remain private.

 Complete Short Sale Survivor Guide
A-to-Z short sale guide detailing the process from start to finish

 Short Sale vs. Foreclosure: Which is the Better Option?
Losing your home to foreclosure due to an inability to keep up with your monthly mortgage payments is one of life’s most unpleasant experiences.

 Internal Revenue Service: The Mortgage Forgiveness Debt Relief Act
The Debt Relief Act generally allows taxpayers to exclude income from the discharge of debt on their principal residence.


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