Please take a look at some of the many cases I have personally negotiated and closed by clicking on Actual Closed Cases.

  

 You may have been hearing a lot about “short sales” in the news or even from your neighbors. It was a term not many were familiar with several years ago, but since the downturn in the real estate markets it has become more common.

  A “short sale” is simply selling your house, with the consent of the lender, for less than the original amount owed on the property. For example, you may have taken a mortgage for $200,000.00 but now your home is worth $150,000.00. With the approval of the lender, you can sell your house for less than what is owed.

  There are some conditions that mortgage companies look at and require before giving approval of a short sale. The onus is on the homeowner to prove that they are under financial hardship and can no longer afford the payments. This entails providing financial statements and a written explanation to the lender, among other things.

  A short sale can be a much better option than a foreclosure for the homeowner. Credit scores are often a factor in employment, eligibility for future loans, and security clearances. Foreclosures have a deeper and longer impact on one’s credit history. A foreclosure can knock a credit score by 300 points and show up on credit history for up to ten years. However, in short sale a credit score is usually minimally affected, and can be rebuilt in as little as 12 months. Another important difference in short sales and foreclosures are the possibility of a deficiency judgment. In foreclosures, the bank has a legal right to pursue the borrower for the amount owed. In a short sale the right to pursue a deficiency judgment is often waived.

  Short sales have only become prevalent in the last few years. It is important to work with a realtor who has gained the knowledge and expertise to navigate the process for you.  A simple mistake or oversight can cost a homeowner months in the selling process or be disappointed by the outcome. Finding an experienced and in-the-know agent is paramount for a successful short sale.

  I have a team with a solid knowledge base and uncompromising work ethic who are committed to see the short sale process through. We have successfully negotiated & closed dozens of short sales with numerous large and small lenders and spared countless families the devastation of foreclosure. Our extensive hands on experience and in-depth knowledge with short sales give us an edge over the competition.