Regardless of the reasons that are used to explain the current mortgage crisis in the United States, the reality that we are faced with is that many homeowners are in financial distress due to real estate than at any other time in the history of residential real estate.

It is my sincere belief that one thing remains the same for the majority of all homeowners: the best solution for an individual wanting to sell a property is to seek the guidance, counsel and service of and educated real estate agent. 

I have the tools, information and tactics you need to help you if you are in distress with your home.  I am a Certified Distressed Property Expert. I can be your advocate and will act in your best interest and help you find solutions to the financial crisis you are facing. 

Together, we can identify all possible options and I can assist you in the quick execution of a short sale transaction if we determine that is what would be most helful for you.

What is a Short Sale Exactly?

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

But to be technical, here's a more official definition:

• A homeowner is 'short' when the amount owed on his/her property is higher than current market value.
• A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.

For homeowners to qualify for a short sale, they must fall into all of the following circumstances:

• Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
• Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
• Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

The Ten Common Myths about Short Sales and the One Truth

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We’re here to keep you educated, informed, and most of all, effective in this changing market.