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Don’t Lose Your House to Foreclosure!

Let the experienced professionals of Aplomb Real Estate guide you and help navigate every step of the Short Sale process. A short sale can be complex and difficult due to the many requirements and deadlines placed by the lender.

A short sale takes place when an owner sells their house below its mortgage value. When a homeowner has an underwater mortgage, meaning they owe more on their home than what it’s worth, their lender may allow them to sell the property for less than the mortgage balance, by accepting a short sale.

A short sale allows the homeowner to sell their home to a buyer helping them avoid a foreclosure.

Short Sale vs. Foreclosure

Homeowners who perform a short sale face fewer consequences versus those who let their home go to foreclosure. The biggest difference between a short sale and foreclosure is the Short Sale is a proactive voluntary transaction initiated by the Seller. A foreclosure is a non-voluntary transaction initiated by the lender. 

Because a short sale is a voluntary process there is less impact on credit. Unlike a short sale, foreclosures are pursued by a lender against the homeowner.

During a short sale, we help to negotiate with your bank. They agree to allow you to sell your home so they can recoup losses owed to them and you do not have to get a foreclosure filed. We create an open communication process with the bank so they can pause all the foreclosure proceedings and allow our team to help find a buyer to purchase your home. 

There are several steps to process a short sale, here’s a summary of what to expect:

If you have multiple liens on your property, we will negotiate each lien separately with each lien holder.

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