The Short Sale Process – the Steps Before the Process Begins ........ Distressed inventory shrinks, despite rise in short sales: Morningstar ........ Foreclosure: No Longer the Only Option ........ Short Sales: No Confusion or Frustration Necessary ........ Help for Underwater Homes

Facts about Short Sales

Published on: Thursday, Mar 08, 2012

With real estate values dropping all over the country, homeowners everywhere are experiencing the fallout and seeking solutions to avoid foreclosure. The options are few. But while searching for solutions, you will definitely come across the term “short sale.” But what exactly is a short sale? And many homeowners may be wondering, “Can a short sale help me?”

A short sale is an option for anyone who may be struggling with mortgage obligations. And I Short Sale, Inc. has all the answers you need to the question “What is a short sale.” We specialize in helping homeowners understand what a short sale is and how it works. And we are experts in assisting people short sale their homes.

What is a short sale?
A short sale is a sale of property in which the proceeds from the sale fall short of the balance owed on the loan or loans secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the property owner in exchange for the sale of the property to a third party. I Short Sale, Inc. has the necessary short sale experience to assist you in negotiating with your lender to agree to a short sale and with determining a competitive price for your short sale in order to make the short sale process as simple and timely as possible.

What are the benefits of a short sale?
There are a number of ways homeowners benefit from short sale. Most importantly, opting for a short sale can help you to avoid foreclosure. Because the asking price of your short sale will most likely be less than other properties for sale in your area, a short sale price is likely to attract the attention of buyers rapidly. Taking the short sale route can provide you with the ability to settle your outstanding debt with your mortgage lender quickly - unlike a loan modification, which may only delay the inevitability of selling your home or worse, foreclosure.

What about a short sale is more appealing than foreclosure?
Having a foreclosure on your credit report will impact your credit score much more than will a short sale. If you are successful in completing a short sale, in many cases, you may qualify for a mortgage much sooner than with a foreclosure.

When it comes to a short sale, I Short Sale, Inc. can provide the expertise and guidance that you'll need. Our experience negotiating with lenders, our dedication customer service and our track record of facilitating hundreds of short sales makes us infinitely qualified to help make the short sale process less confusing and less painful for you and your family.

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The Short Sale Process – the Steps Before the Process Begins

Despite the popularity of short sales as a way to help distressed homeowners and bring about a real recovery in the housing industry, the process is still a mystery to most people. Many agents and homeowners are unclear about what is involved and are...

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I Short Sale is a Real Estate Broker - CA Dept. of Real Estate - License #01773693
I Short Sale, 1-877-907-4678 info@ishortsale.com
Short Sale and Loan Modification Services
Woodland Hills, California. Los Angeles, California. Beverly Hills, California.

Short sales nationwide including:
San Diego, California. Miami, Florida. Phoenix, Arizona. New York, New York. Santa Monica, California.. Thousand Oaks, California. Agoura Hills, California.
Sherman Oaks, California. Studio City, California. Encino, California. Tarzana, California. Malibu, California. Beverly Hills, California. San Francisco, California. Tampa, Florida.
San Jose, California. Oxnard, California. Culver City, California. Seattle, Washington. Philadelphia. New Jersey.
Loan modifications and third party short sale negotiations are not available in Nevada.

The information contained in this website is intended to be used for informational purposes only and to provide a general overview of the topics described herein. There may be tax and other legal consequences associated with a short sale. I SHORT SALE makes no representations or warranties concerning potential tax or legal consequences relating to any final disposition of any property. Clients are advised to consult with a tax professional regarding the potential tax consequences for their particular situation. I SHORT SALE is providing a service in response to a complex situation and offers a recommended solution where possible. Nothing is represented as tax advice to our clients as every situation may result in different tax consequences. I SHORT SALE is not a law firm or an accounting firm and regarding any specific questions relative to any transaction, I SHORT SALE strongly encourages all parties, agents, and brokers involved in a transaction to seek such advice from a professional advisor. Legal Statement. Read here our Privacy Policy.

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