What is a Short Sale?

The California Department of Real Estate defines a Short Sale as "A sale of property in which the outstanding debt (in the form of mortgages such as purchase loans, refinance loans, home-equity loans, or one of the other various types of loans secured by your property) was more than the price for which the property was sold". 

Click here for the California Department of Real Estate Consumer Handout regarding Short Sales. We abide by all laws and regulations of California State Law and conduct business as a licensed corporation.

Simply put, a Short Sale is selling your home for less than what is owed on the property (mortgage, liens, loans against the property). There are alternative options available to homeowners including loan modifications and the HAFA program. The HAFA program is a government sponsored program that provides payment (up to $3,000) credit for moving and/or relocation expenses to sellers in a Short Sale. 

Although a Short Sale is an unfortunate situation, if you find yourself needing to Short Sale, working with an experienced team can provide relief. We do not hire third party negotiators or hand off your file to an inexperienced and often unlicensed person. Your Short Sale is handled by the owners of the company who keep you in the loop every step of the way. We are paid by the bank or lender and don't get paid until your Short Sale closes. Contact us today to find out how we can assist you!