Liane Jamason at Smith & Associates can help make your short sale process quick, efficient, and stress-free.  With a 100% success rate closing our short sales, our expertise and proven track record helps expedite the successful sale of your home.  We've received approvals in as little as 3 weeks in some cases and had our Sellers receive offers from their lenders ranging from $3,000 to $20,000 to successfully complete a short sale.  We also work with the government's HAFA program, in which some Sellers may qualify for $3,000 in moving assistance money plus a waiver of any deficiency.  Additionally, we will do our best to protect your credit, working to actively minimize the impact of the short sale on your credit score.  You have nothing to lose but the stress and worry of being trapped in an upside-down mortgage. 

 

 What Is a Short Sale?  A short sale is a sale of a property in which the sale amount falls “short” of the balance owed on the property's loan. It most often occurs when a borrower/homeowner cannot pay the mortgage loan on their property, but the seller and lender decide that selling the property at a moderate loss is better than a substantial loss, should the property fall into foreclosure.  I often describe it as similar to being upside-down on one’s car - but in one’s home.  

Benefit of Short Sale:  Their are multiple reasons why a short sale may be better than a foreclosure or deed-in-lieu of foreclosure.  More benefits of short sales are here on our blog about Short Sale vs. Foreclosure.

What is the Process?  In a short sale, the lender agrees to allow the homeowner to sell the home for less than the loan balance owed because of a financial hardship on the part of the borrower. All proceeds of the sale are turned over to the lender.