A short sale is when a homeowner owes an amount on his property that when combined with closing costs and commission, is higher than the current market value.

A short sale occurs when a negotiation is entered into with the homeowner's mortgage company or companies to accept less than the full balance of the loan at closing.


What can you do to figure out if you are in a short sale possition?

1. Contact your mortgage companies to obtain your payoff balance.
2. Contact us or your local real estate agent to find out the value of your home.
3. Speak to a qualified attorney to find out whether or not you have a hardship that will qualify you for a short sale.

OR

Contact a Certified Distress Property Expert to evaluate your situation and discuss options that may be available to you.