Short Sale

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 Deficiencies ARE a thing of the past for Californians on primary residence!  Thanks to SB 931 and SB 458.  Contact us today for details and copies of the laws and a free copy of the seven options.


  • Move out on your own terms
  • Possible stay in your home longer
  • Potential relocation assistance
  • Minimal impact on your credit
  • Best of all, “It’s at no cost to you” 


  • You don't pay us a single cent to short sale your home and you may walk away with relocation assistance.
  • No deficiencies, no promissory notes, no paying for home repair or staging
  • Fast Responses to you via phone, email or fax
  • Experienced negotiations to benefit YOUR best interest
  • Our negotiator has closed over 2,500 short sale transactions since 2007
  • 98% success closing rate
  • Pool of buyers ready to buy your home NOW 


Q. What is a Short Sale?
A. It is the sale of a home when sales proceeds is short to pay off the existing loan(s) but the lender(s) accept(s) a discounted payoff to fully satisfy the loan. At the same time, the existing lender pays for all sales fees. I.E, sales costs, commissions, escrow, title, etc. The loan shows as "Settled for Less" or “paid” with a zero balance on your credit and you avoid foreclosure.

Q. Why would a lender accept a Short Sale over foreclosure?
A. A short sale could be a practical and cost saving alternative for all parties involved.  It is often in the financial interests of a lender to accept a negotiated settlement rather than incur the costs of a prolonged foreclosure process. And if a lender does repossess a property, they could continue to incur costs for months in order to maintain the property, dealing with municipal issues, break-ins, etc…

Q. Is a Short Sale right for me?
A. Often time, emotions prevent us from making clear decisions but if you add up your total monthly expenses, including your mortgage, property tax payments, insurance, car payments, utilities and food and compare that to your take-home income, how much longer can you afford to keep up with your payments? If you have an adjustable rate, and the payment is going up, how long can you afford that? Is it worth prolonging your current financial situation?—especially if home values in your area continue to decline? If you are faced with economic hardship, a Short Sale can be financial. You may need to ask yourself, is it worth it to continue to fall deeper into debt, falling further and further behind with little hope of catching up? A lender would usually rather negotiate a settlement today with a Short Sale than be forced to incur the expense of a foreclosure later. Consider this: the lender wants to limit their losses in the future just as badly as you do.  A short sale allows you to start over.

Q. Do lenders approve all Short Sales?
A. The mortgagor must satisfy certain conditions.  A short sale approval by a lender is not automatic. This is why it is critically important that you work with someone that has extensive experience in Short Sales—someone who knows how to effectively negotiate on your behalf. If not handled properly, a lender could reject your Short Sale offer—risking foreclosure.

Q. If I have two loans, can I still do a Short Sale?
A. It is certainly possible.  It will need to be negotiated with both lenders.

Q. What about my credit? Won’t a Short Sale ruin my credit?
A. A short sale could have less of a negative impact on your credit then will incur if you are ultimately forced into foreclosure. With a foreclosure, you can expect to be unable to obtain a mortgage for at least 7-10 years. With a short sale, you can expect to resume normal borrowing (for mortgages, car loans and credit cards) within a very short period of time, typically 2-3 years. Remember, with a Short Sale, you walk away with your mortgage debt zeroed out (in most cases). With a foreclosure, the collection stays on your credit indefinitely!

Q. My property needs a lot of repair work. Can I still do a Short Sale?
A. Absolutely… A lender is often less likely to want to repossess a home that needs work—it would make it harder for them to sell it later. Lenders are not in the “home repair” business. They do not want the responsibility. A home in rough shape may serve as an incentive for a lender to do a Short Sale.

Q. Can I simply deed my property to someone else and avoid foreclosure that way?
That’s not a possible solution to resolve the problem.  If you fall behind on your mortgage payments you will quickly find yourself drowning in mail and phone calls from different people promising to “save” you. But deeding your property to someone else without first paying off the loan(s) is almost always a bad idea. Even if you deed the property to someone else you are still responsible for the loan payments. If the loan payments are not made, it is your credit that is affected (regardless of who holds the deed). In other words, you lose control of the property and can still be foreclosed on. Whatever you decide, do NOT deed your property to someone without first paying off the loan unless you have consulted with your OWN personal attorney.

Q. How can I get started on a Short Sale?
A. We do not provide tax or legal advice.  You may want to talk to your CPA.  Then, simple call us for a free confidential consultation to evaluate your situation. There is no charge and no obligation. 


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