A short sale is a real estate transaction where a homeowner is facing a hardship and gets permission from a bank to sell their property for less than they owe on the mortgage.

While it is generally beneficial for a bank to grant an approval on a short sale in order to avoid an expensive and time consuming foreclosure, the seller generally must prove a hardship.

Possible Hardships Include:

Divorce
Medical Emergency
Unemployment or Reduced Income
Job Transfer
Bankruptcy
Death

As you can imagine, the process of getting a hardship package accepted, avoiding deficiency judgements, finding a qualified buyer and satisfying the bank’s pre-closing conditions….. requires specialized skills and highly organized systems.

We-Realty, Inc has the experience, bank connections and negotiation savvy necessary to help Southern California Sellers. Visit us online at http://www.we-realty.com or Call us today at 951-973-4852.