Frequently Asked Questions

• How long do I have to try to sell my house as a 'short sale'?
  it depends on your lender's requirements and whether you qualify for any special government sponsored programs helping homeowners avoid foreclosure.   For instance, under the … more
• Can any property be sold as a 'short sale'?
  typically, if there are any junior liens, mortgages or other debts against the property, those must be cleared first before the property  can be sold as a short sale. The servicer can … more
• 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