Selling Short

A short sale is an option for homeowners who are not able to keep up with their mortgage payments due to personal or financial hardship. Do you need to sell short and avoid foreclosure?

Short Sale Evaluation

Please provide us with some information below. We will perform a short sale evaluation on your property and then contact you to discuss what to expect and a plan for selling your home as a short sale. There is no cost and no obligation. The information you provide will remain confidential.

How can I Stop a Foreclosure?

In California, a foreclosure can be completed in less than six months from the time the loan becomes delinquent. The mortgage company can record a Notice of Default. The first step in the foreclosure process comes as soon as the loan is two months delinquent.

Who pays the Real Estate Agent?

The agent you choose to perform your short sale may make the difference between a successful short sale and a foreclosure.

Are Income Taxes Due After a Short Sale?

Distressed homeowners who complete a Short Sale no longer have to pay California state income tax on debt forgiven in a short sale. Enacted into law on April 12, 2010, Senate Bill 401 generally aligns California’s tax treatment of mortgage debt relief income with federal law.

How does a Short Sales affect my Credit Score?

Credit scores are established by the three national credit repositories: Equifax, TransUnion, and Experian. These companies do not publish guidelines on how much a foreclosure or short sale affects FICO scores, but only describes the impact as “very bad”.

Is a Short Sale right for me?

Mortgage lenders are increasingly willing to work with borrowers faced with a financial hardship to accept a discounted payoff on a mortgage.