BUYING A SHORT SALE

Short Sale, also called "Short Pay" or "Pay Off," is a process by which a lender agrees to receive a lower amount of an owed debt in exchange for the sale of the property to a third party, usually at no cost to the borrower.

A short sale occurs when the homeowner who can no longer afford paying the mortgage payments is allowed to sell the property at the current market value. If an offer made by a buyer is accepted by the lender, the short sale transaction may be completed. The borrower is no longer responsible for the loan and the difference between what the sale price and what the borrower owes is considered by the bank as a loss.

Short Sales became very popular during the last real estate decline. They allow homeowners to sell their debt ridden homes and get a fresh start with very minimal effect on their credit rating.

Our strong affiliations will give you a direct access to exclusive off-the-MLS short sales. Our advantage will turn to be your advantage.