A mortgage short sale is a type of real estate transaction where a homeowner who is unable to make mortgage payments on their property sells their home for less than the amount they owe on their mortgage.

In a short sale, the lender agrees to accept less than the full amount owed on the mortgage loan, allowing the homeowner to sell the property and avoid foreclosure. The lender agrees to this arrangement because it is often more cost-effective than going through the foreclosure process.

Short sales can be a complex process that involves negotiation between the homeowner, the lender, and any other parties involved in the sale of the property. Homeowners may need to provide detailed financial information and demonstrate that they are unable to continue making mortgage payments.

We strategize together with homeowners on the best course of action, prepare a file to submit to your lender, and handle all negotiations with your bank. 

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