Need to short sale your house?

Most people don’t know whether or not they qualify for a short sale. The truth is you’ll never know until you submit an offer to the bank with all of the required documents. For a list of what is needed to complete a short sale, click Short Sale Requirements button in the sidebar.

There is no guarantee that because you put your house on the market as a short sale that you will receive an offer, or furthermore, that the bank will approve a short sale if there is an offer. A short sale can seem like a gamble, but it is better than the alternative, foreclosure.

People ask me all the time about short sales and bankruptcy. I am not an attorney, and therefore will not give you legal advice, but I would ask that if you are getting ready to sit with an attorney, that you ask what a bankruptcy is going to do for a foreclosure on your credit. It is my understanding that even though a bankruptcy may relieve you of any deficiency judgment obligations, you will still have a foreclosure on your credit. If you are in a situation where bankruptcy is your only option, I might suggest that you still short sale your house after the bankruptcy has been completed. A short sale settlement still looks better on your credit report than a foreclosure.

For more information about selling a home in a short sale, fill out the form below so one of our team members can contact you directly.