A short sale is when a bank or mortgage lender accepts less than the full payoff amount on an existing mortgage to prevent a home from going into foreclosure.  This happens when a homeowner owes more on their property than the current market will allow them to sell for.  There must be a hardship on the part of the homeowner in order for a bank or mortgage lender to consider a accepting a short payoff.
Short Sales are beneficial to the homeowner as well as the bank or mortgage lender.  It saves the mortgage lender the cost involved in foreclosure and prevents a foreclosure from appearing on the homeowners record.

Timing is very important to the short sale process.  If you are falling behind on your payments and need to short sale your property, please contact us as soon as possible while we can still avoid the foreclosure process.  We will meet with you confidentially and assess your situation and determine what the best course of action is for YOU.