A short sale occurs when the proceeds of a real estate sale aren’t sufficient to pay off the balance owed on the property.
If a short sale application is accepted, the lender may agree to discount a loan balance due to an economic or financial hardship.
Allen Lewis and his team of professionals can help you:
- List your property for sale
- Prepare your short sale file for submission
- Negotiate with your mortgage lender to accept a Short Sale
A short sale is a mortgage application in reverse. We must prove that you cannot afford or are unable to pay the shortage that is due. Normally, you must be at least three months behind in your payments, but it is never too early to begin preparing for a short sale.
Let Allen be your trusted advisor to negotiate with your mortgage lender to do what makes sense.