Short sale questions, answered plainly

Often, no. If we can assemble your paperwork within about 10 days of the sale date, there's a better-than-even chance we can have it postponed. We have to move fast to submit a complete package and ask the lender to cancel the sale — but it's almost always worth the effort.

Yes, absolutely. Second lien holders are part of the negotiation and get settled as we work the deal. Multiple loans make a short sale more complex, not impossible.

We work to negotiate your short sale so there is no deficiency or promissory note left over. Primary residences with one loan and a genuine hardship are usually forgiven the remaining balance entirely.

Possibly — it depends on the property type and how the loan was written. We strongly recommend you consult your tax professional or CPA, who can advise on your specific situation.

Our formula closes in roughly 8 to 12 weeks — far faster than the six-month wait that's become the industry standard. The exact timetable depends on your lender and whether there are other loans or liens involved.

Yes. You can occupy the home throughout, and because we're often able to postpone foreclosure sale dates, the process can actually extend the time you stay in the house.

Our investors buy homes to repair and resell, and typically offer a percentage of retail value. Either way, the contract is contingent on full satisfaction of your loans — so you get off the hook as long as the lender approves, regardless of the exact price.

Nothing. We ensure every short-sale fee a homeowner might face is paid by the bank or mortgage company. There is never a cost or fee to you.

Some of the short-sale fees are paid to us by the bank or mortgage company — never by you. We do this to earn a living by offering homeowners the very solution we needed when we were in their shoes.