What is a Short Sale? Well to put is simply, it means your home is not worth as much as you currently owe your lender. Of course, in order to sell, you must pay off the current mortgage or mortgages in order to transfer a clear title to the new owner. You will either need to bring the short fall in cash to the closing table or your will need to make a deal with your mortgage holder to forgive the shortfall of the payoff.

Why not just let the lender have the house through Forclosure?Short sales are considered preferable to foreclosures because short sales won't damage your credit as much as a foreclosure. For example, if you are still current with other payments, a short sale may lower your credit score as little as 50 points.

How do I know if I qualify for a Short Sale? Sorry, if you're able to pay the shortfall you don't qualify. However if there is a hardship, such as recent job loss, pay decrease, mortgage increase, unexpected medical bills, etc. you will more than likely be forgiven the shortfall.

Why do you need a Realtor? In light of what's been going in our economy and in the local housing market and with so many people facing  foreclosure or finding themselves upside down in their mortgages we have taken special training on helping  homeowners in distress. A foreclosed property in a neighborhood can have an extremely negative effect on the entire marketplace and one of our goals is to help homeowners avoid foreclosure completely. A short sale is the answer. We are dedicated to assisting you through the short sale process.