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What is a short sale?
A short sale is a transaction where the seller's bank has lien(s) against the property
for more than what the property is worth and the seller request that the bank release
the lien for a sale price that would not ordinarily be enough to pay off the lien
in full.
Do we have to pay you for your services?
Our fees are generally paid by the lender out of the sale proceeds making our service
free of charge to you. Lenders are willing to do this because if they have to foreclose,
they still would have to pay a broker to sell the property.
How does a property owner sell short (Get their bank to take less?)
Selling short is not easy. The lender must be convinced that the value of the property
is less than what is owed and that the foreclosure will only take more time and
yield less than the short sale. That is where our team of professionals come in
to help prove that point.
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