Selling Short


If you have arrived at this page then I am guessing that something has gone terribly wrong and you can no longer afford to stay in your home and are considering a short sale or Selling Short. Before you go any further make sure that you have exhausted all other options and that a loan modification is not possible or isn’t something you are interested in. Talk to an attorney and/or your tax advisor and understand what a short sale will mean to your financial future.

It is often a difficult, long and nerve-wracking process but if you are successful, the difference between what you sell the house for and what you owe on the house is forgiven. You’ll also avoid a foreclosure on your record.

That said here is what you can expect if you chose to go forward with a Short Sale: Selling Short

Your first step should be to call me.It is important to have a Realtor® on your side that understands how the process works. You basically have one shot at this and it has to be done right. Banks don’t leave room for mistakes or inexperience and if it isn’t done properly in the time frame the lender sets out you may be heading for foreclosure. So even if  Real Estate Agent Sue is your good friend if she hasn’t done short sales before then she is not the person for the job.

I am HAFA Certified and hold the SFR Certification from the National Association Of Realtors. Our team consists of Myself, Todd Riley (Realtor, CPA) a short sale negotiator  who’s job it is to talk to the bank so you don’t have to, an escrow officer that has handled 100s of short sales and will make sure all the T’s are crossed and all the I’s are dotted. We will be able to deal and negotiate with the lender(s) on your behalf and give you a much better chance of successfully Selling Short. This is not something you want to navigate on your own and the best part is that we are paid for by the bank.

If you are behind on your payments then don’t wait any longer to list your home, hesitation takes the choice away from you and into the hands of lender.

Selling Short is usually a better choice than foreclosure!

Once you have contacted me-

We will get the house ready to sell. Pricing is very important because we don’t have the luxury of sitting on the market. I like to price the house a little on the low side to encourage multiple offers. This way the bank can see that we did our best to get fair market value. It can take the bank months after receiving an offer to actually say yes and time is not your friend.

Once we have come to an agreement with the bank then the process is not much different than a regular sale except that the time frames are set in stone. The bank does not like to give extensions and usually the property will close escrow within 15 – 30 days of Bank acceptance.

Don’t wait until the last minute to find a new place to live. You have probably been on an emotional roller-coaster for the past year or so and you don’t need the added burden of having nowhere to live.

Confidential Information Request

If you, like millions of others, have found yourself in the unfortunate situation of having to decide whether to short sell your home or be foreclosed on please  contact Heather and Todd right away. We may be able to help. No action takes the choice away from you. All inquiries are strictly confidential. We respect your privacy.



Fact sheet: What is a short sale? Helping borrowers avoid foreclosure