What is a Short Sale? A short sale is a sales agreement in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan, In real estate, a short sale is when a bank or mortgage lender is ready to discount a loan balance due to an economic hardship on the part of the mortgagor. Short Sale can be achieved by negotiating with your bank to accept a sale of your property to a third party buyer for less than what you currently owe on your mortgage balance. In short, a Short Sale is not more than a negotiation with lien holders to get a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount. Negotiating a short sale with a lender can be complicated but with careful research and patience, it is possible for you to earn big profits with short sale deals. Selling short means you're asking the lenders to accept less than their payoff in order to facilitate a sale of the home, instead of foreclosing on the home. Short sales can be accomplished by legal advice from a competent real estate lawyer.

A short sale in real-estate is a sale of a house in which the sale price is less than what the owner still owes on the mortgage. It is a procedure frequently agreed to by lenders, who often would rather take a small loss than go through the lengthy and costly foreclosure process, in which the lender allows the sale of a home for less than it is worth and forgives the rest of the note. A lender is not going to accept a short sale unless the seller has no equity and is unable to repay the difference between your sales price and the existing loans.

If you need a short sale processed immediately or in the near future, The Closing Company will help you. We help you even if you are not sure what a short sale is or whether it is an option for you or not. We are not mortgage brokers. We are not realtors. We are not investors. We are a Short Sale coordination group with no prepaid services that try to achieve a loan reduction for our client and conduct the closing. We use legal counsel to correctly administer the process.

Our short sale service includes:

• No prepaid fees
• Lender liaison
• Lender negotiation
• Data analysis
• Explanation of pre-foreclosure process
• Filing a response to the foreclosure lawsuit
• Timeline
• Pre-HUD
• Phone consultation
• Discussing your specific case and circumstances
• Lender offer and package presentation

Thanks for visiting our short sale section. As a short sale processor and attorney mediator we help you with loss mitigation, pre foreclosure & deed in lieu of foreclosure.