What is Short Sale?

What is a Short Sale?

In simple terms; short sale means lender accepts less than on a mortgage amount than a homeowner owes to the lender to avoid foreclosure by selling their house. It’s one of the options for the home owner to avoid foreclosure if they can no longer afford to pay the mortgage due to any kind of hardship.

For example, if the homeowner owes $650,000 on a mortgage amount but the market value of the home is only $300,000 then lender accepts the $300,000 on that mortgage.

Why would lenders agree to short sale?

Trust me, the banks do not want to own properties. They will accept the short sale when they see that they can sell the property without the huge loss of foreclosure cost and gets at least the current market value to minimize their cost.

It’s is extremely important that you work with an experienced short sale real estate professional who knows how to negotiate professionally with lenders and submit the complete package correctly at the first time in order to complete the successful short sale for you.

Why should I select Blaison and team for doing short sale?

Blaison is a Certified Short Sale Specialist, completed one year course on short sale to better assist you in negotiation with lender and closing the short sale. He has successfully closed many short sales and helped families to avoid foreclosure. Blaison has negotiated with lenders like Citi, Litton Loans, Bank of America, Wells Fargo, Ocwen, Countrywide, Indymac and First Franklin to name few lenders.

Click Here to Learn More About Short Sale Vs Foreclosure

Getting Started

You can call Blaison direclty at (510) 366-9405 for a FREE consulation or submit the below form for any questions and your questions will be answered as soon as possible. Thank you for contacting us.

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