Most Frequently Asked Short Sale Questions!

• What is a “Short Sale”?  The ”Short Sale” lender agrees to accept as payment in full a reduced loan balance, including liens, closing cost and commissions, etc. 

• Can I do a short sale if a “Notice of Default” has been filed?  Yes, you can still sell your home, but timing is critical.  In order to proceed, the “Short Sale” lender agree to delay the sale, if needed.

• Once we begin the process, will I still have to negotiate with my lender?  Once the property is listed, there will be no need to speak with your lender.  The listing agreement is an employment contract.  It allows you to hire your Realtor as your representative or your spokeperson.  As your Realtor, you can expect me to communicate with and negotiating with your lender on your behalf. 

• Can I stay in the home while the home is going through the Short Sale process?  Yes.   If So,  how long?  Once we have an acceptance from the lender I will let you know how long.     

• What is the price of a “Short Sale”? There are no upfront fees or out of pocket fees  Once escrow closes, I will get paid out of the transaction. This is put in writing. 

• Will I get an money back from the sale?  No the seller will receive no funds.  

• For additional questions or to list your home,  call (916)224-0482