Definition of a Short Sale:  The amount owed on a property is greater than the actual value and the lender agrees to forgive the difference to avoid foreclosure.

For all the homeowners who are upside down and can no longer make their mortgage payment, until now the only option was, well, letting the lender foreclose.  The reason homeowners are in this situation is:

1. Unexpected hardship -  Job loss, change in income, increased debt, family emergencies, etc.

2.  Creative mortgage financing -  ARM and/or payment adjustment, deferred interest program (option ARM), 100% financing, purchase money, subprime mortgage, 40/50 year mortgages, etc.

3.  Market conditions -  Values decreasing, no equity, speculators, flippers

Foreclosure is not a good option since it can adversely affect your credit record for up to 10 years.  Typically, the loan will show up as “paid" on your credit report; however there can be a notation that says "settled for less than originally owed.“  This is much more favorable than having a foreclosure on your credit report.

We will list and market your property, negotiate a short sale with your lender, find a buyer for your home, and ultimately sell your home and allow you to move on with your life.  Our main goal is to help you walk away free and clear and put this difficult time in the past.