Frequently Asked Questions

• Why Would a Lender Agree to a Short Sale?
  Banks and other lenders generally agree to short sales in order to avoid having to foreclose on a property and take it into their inventory. Most lenders would rather cut their losses and avoid a … more
• Will My Lender Accept the Short Sale as Payment in Full for My Loan?
  Maybe. Your lender is not required to accept the short sale payment to satisfy your loan amount. The company may decide that you and your property do not qualify for a short sale and deny your … more
• Can My Lender Come After Me in Court for the Loan Balance I Owe After a Short Sale?
  This depends in part on whether the property in the short sale is located in a judicial or a non-judicial foreclosure jurisdiction. In non-judicial foreclosure, also called a mortgage walk-away … more
• What is a Short Sale?
  A short sale is where a homeowner sells their home for less money than they owe on the property. The owner of the home negotiates a discounted payoff with their mortgage company without having to … more