What is a Short Sale?

Short Sales occur when borrowers sell their property for a sales price less than the amount owed to their lender(s) after all sales expenses. In order for this to take place the lender(s) must accept a discounted payoff; meaning the bank(s) get paid less than the full loan amount owed.

A Short Sale is a win-win solution for the homeowner and the lender. The lender gets the highest price for a quick sale at a market price. The borrowers save a foreclosure from ruining their credit and satisfy the 1^st mortgage lender. If there are second or third mortgages on the home in pre-foreclosure, these junior liens are normally satisfied as well.

What this means to you is, your home is sold, the mortgage is satisfied (paid off) and you avoid a foreclosure from ruining your credit. Perhaps even better, your credit report shows that your mortgage is settled and no longer past due. The foreclosure status falls off your credit report and with positive future payment history on other accounts you are on your way to credit recovery.

What are the Benefits of a Short Sale?

When a Short Sale is achieved, there will not be a foreclosure.  A Foreclosure can damage your credit for up to 10 years. The short sale shows on the credit report as a “settled account”. Most experts agree that a settled account can be overcome relatively quickly on your credit report with positive future credit reporting.

• Protect your credit.  Foreclosure damages credit up to 10 years. 
• Our Short Sale Service is FREE to you; the lender covers all the costs involved.
• Control future problems and costs. If your property is sold at a Foreclosure auction, you may owe deficiencies and other expenses to the lender. Under most short sales we negotiate, the homeowner will be relieved of this possible future headache.

Can investment properties be handled in a short sale?
Most definitely. Any type of property can be sold through a short sale.

Can you do short sales anywhere in the county?

We have done short sales throughout the USA. We prefer to handle our client’s needs in our backyard…the Treasure Coast of Florida. We may be able to refer you to another organization in your area if we cannot help you within our organization.

What is a Hardship?

• Reduced Income or Unemployment.
• Inability to work due to health reasons.
• Separation or Divorce.
• Medical Bills.
• Business Failure.
• Death of a Spouse.
• Adjustment in mortgage payment or unforeseen increase in your monthly expenses.
• Any other circumstance that interrupts your ability to repay your mortgage.

Does It Matter Who Does a Short Sale?

YES! Industry reports show that Traditional Realtors get approximately 2% of short sales approved. Our success rate is over 60%. That means you have a 30 times greater chance of success with our Stop Foreclosure Team!

What Happens If I Don’t Do a Short Sale or my Short Sale is Unsuccessful?

The result is the same: A Foreclosure. Our goal is for you to avoid foreclosure, which will affect your credit for up to 10 years. Generally a foreclosure is one of the most damaging occurrences in a credit history. Most likely you will miss mortgage payments through the course of a short sale and this will show on your credit history. But at the end of the day, when your short sale is completed, your credit report will show that your mortgage has been completely “satisfied” and you can immediately begin to rebuild your credit and your life.