“Short Sale or Short Pay” is when a lender is willing to accept less than full amount owed/ due on a mortgage. This is our specialty, since we know how to reach the right department and officers to negotiate and obtain an approval.
When a successful short sale is negotiated, the agreed upon price is usually payment in full. However some banks might not want to waive its right to a deficiency judgment. In that case seller is notified and has to decide whether to go along with the short sale. Or venture out onto the open market to try and sell the property. If your lender has authorized you to do a short sale or if you want us to negotiate a short sale with your lender, you can contact us by filling the form specified below:
FREE Foreclosure List
For Sale By Owner