1. The Foreclosure Intervention & Relief Experts - FIRE Team
2. The Short Sale Process
3. Common Questions About Short Sales


What is a "Short Sale?"

A short sale is the sale of a property for less than the amount that is owed to the bank or mortgage company. Short sale programs are provided by lenders as a way to work out alternatives to default and avoid foreclosure. A short sale takes place with the agreement of both the borrower and the lender after the terms and amount have been negotiated and a suitable buyer found.

Is it Legitimate?

Yes, if done correctly. A short sale is a standard real estate transaction, made with the knowledge and consent of the parties involved. The short sale is not an "easy out" and is used only in cases of financial hardship.

Will it prevent Foreclosure?

Yes, if the short sale process results in a sale. You should know, however, that not all short sale applications are successful. There are many factors that can affect the process and no one can guarantee that the property will not be foreclosed and go to sheriff sale. An experienced short sale REALTOR® will be able to advise you concerning your situation.

If my house goes through a short sale, will I lose my house?

Yes, but through sale not foreclosure. The short sale process is designed to let the owner sell their property for less than the value owed to the bank.

Does a short sale appear on my credit report?

Yes. The short sale is recorded on the borrower's credit report. However, a successful short sale will prevent a foreclosure and may prevent the need to file for bankruptcy.

How much will it cost me?

For fees or upfront monies: nothing—there is no out-of-pocket cost to the client. As REALTORS®, we receive a commission upon the sale of the property. The commission is negotiated with the lender and paid upon sale—no monies are required from the client. If the property does not go to short sale, we do not charge our clients.

What Services Do You Provide?

We have REALTORS® experienced in short sales and retain two full-time loss mitigators who work with the banks and mortgage companies on our client's behalf. Because the process usually takes months and multiple contacts, having experienced short-sale REALTORS® and loss mitigators makes us highly qualified to handle these transactions successfully and professionally.

How do I begin?

Call us at (614) ANY-HOME/(614) 269-4663. Or reach us via our contact page.

We can answer any questions you may have and evaluate how we can help. There is no consultation fee. We look forward to working with you!