Experience, Integrity, Results!
Christina Koch-Garcia

Short Sales

Short Sale Buyer

A short sale occurs when a lender agrees to take less than is due on a mortgage or note. Short sales can be very cost effective for buyers and provide an opportunity to purchase a home below market. They can also be time consuming.  You must be willing to wait. Short sales are subject to third party approval. Even if you agree on terms with the owner,  price and conditions are not final until the lender has agreed or countered in writing!

If you are thinking about buying a short sale, give me a call! I would be happy to discuss the process in further detail and help you determine if this is a viable option for you!

Short Sale Seller

If you are behind on your mortgage or anticipate a imminent financial hardship, you might consider a short sale. A short sale is a viable option to foreclosure and most lenders would prefer to negotiate an agreeable loss on a short sale than to venture into a world of unknowns in a foreclosure.

As mentioned above, a short sale occurs when a lender or lenders agree to sell a property for less than is due on the mortgage. A short sale will have an adverse effect on your credit score and credit history. It is important to take that into consideration when proceeding forward! A short sale can also have additional tax and financial repercussions. It is advisable to consult with an attorney and your accountant before proceeding forward.

If you plan to sell your home short, be sure to list with an experience short sale agent. I have a 100% approval rate on my short sale listings.

You do not have to be in default to qualify for a short sale! Several programs are currently available to underwater home owners and investors.

Call me to discuss what options may be available for you!