In situations where a viable loan modification is not available, we can still help you avoid foreclosure by negotiating a short sale with your lender. 

A short sale is when a bank or mortgage lender agrees to have the homeowner sell the property for less than the outstanding balance of the loan.  The homeowner places the home for sale and all offers are presented to the lender.  We negotiate with the lender to accept the short sale and the homeowner can walk away from the property without the devastating hit of a foreclosure on their record.

Different lenders have different short sale guidelines and the process often requires the approval of varying parties (2nd mortgages, junior liens, HELOC, assessment liens, etc).  Also, there are different credit and income tax consequences that complicate a short sale and may require a homeowner to seek legal and tax advice.

Our knowledgeable staff can help guide you through the process.  Our negotiators have convinced lenders to accept a financial loss and allow our clients to walk away without further distress.  Click here for a free no obligation short sale evaluation.

SHORT REFINANCE

With a Short Refinance the homeowner can keep the property and reduce their mortgage payments and the balance of their loan.  A short refi is similar to a short sale in that the lender takes a loss based on the current value of the home.  However, unlike a short sale, the homeowner doesn’t walk away from the home in a short refi.  The home is refinanced at the new value and the loan balance and mortgage payment is reduced.  Click here for a free no obligation short refi evaluation.