What is a short sale?

What is a short sale? A short sale is a workout program that allows a borrower to sell the property, even if the proceeds are less than the loan payoff, due to low property value.  When lenders agree to do a  short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial... [Read more]

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Buy a Short Sale

Short Sale Buyer Guidance The average home buyer will not be a good fit for a short sale purchase. It is a time consuming process, that at time can be frustrating and a little maddening. By filling out the form below and answering these questions, I will have a better understanding... [Read more]

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Submit Letter of Authorization

Lenders typically do not want to disclose any of your personal information without written authorization to do so. When working with a real estate agent, closing agent, title company or lawyer, you will receive better cooperation if you write a letter to the lender giving the lender permission to talk with those specific interested parties about your loan. The letter should include the following: ... [Read more]

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Short Sale Paperwork

The following documents are required to begin a Short Sale application. From the Homeowner Signed and dated financial worksheet listing all monthly expenses. Signed and dated hardship letter. (Why they are unable to pay the mortgage.) Letter Authorizing the Realtor access to information on the account. It must be dated and include the last 4 digits of the borrower’s Social Security Number,... [Read more]

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Can I help you?

Are you a good Short Sale Candidate Are you behind on your mortgage?*YesNoAre you aware of, or have you contacted the Making Home Affordable website for additional information about... [Read more]

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