Short Sale Consulting
What is a Short Sale?
When your lender agrees to take less than what is currently owed on the unpaid balance.
A real estate short sale is when your mortgage lender agrees to take less than what is currently owed on the unpaid balance. A property that sells for less than the balance that is owed on the mortgage. A short sale can provide mutual benefits for both the homeowner and the bank because it helps both parties avoid foreclosure.
Short sale vs foreclosure
How a short sale affects you differs from how a foreclosure would — in credit impact, in timeline, and in what you owe afterward. Our consultants will walk you through the comparison for your specific loan and lender, at no cost to you out of pocket.
Next steps
Walk through the eight-step short sale sequence, or talk to a consultant about your situation.