A short sale occurs when the homeowner sells the home to a third party buyer when the homeowner owes more than what the property is worth. We negotiate with the lender to reduce the mortgage balance below its current balance to allow for a sale of the property, and attempt to reduce or eliminate the loan deficiency. This allows a new buyer to purchase the property at fair market value and may or may not allow the Seller to walk from any further liability under the loan.
Our short sale negotiators have extensive knowledge of the options available with all major lenders. A special relationship with Trident Title creates a competitive advantage and benefits for our clients.
