Short Sale
Short sales are paperwork-heavy and lender-driven. We've negotiated dozens with DMV-area servicers and know how to move them across the finish line without it falling on you.
A short sale means the lender agrees to accept less than the balance owed. That decision belongs to a loss-mitigation department, not to you or to us, which is why the process is slower and why the buyer's patience matters more than their price. We handle the package: the hardship letter, the financials, the comparables, the repair evidence, the follow-up calls that nobody enjoys making.
What you should expect is 60 to 120 days, occasional requests for the same document a second time, and a real chance the lender releases the lien and, in many cases, waives its right to pursue the shortfall. We won't promise you a specific outcome from a bank we don't control — but we will tell you exactly where the file stands every couple of weeks.
What you can expect from us
- We negotiate directly with your lender or servicer.
- Experienced with HOA balances and second liens.
- No out-of-pocket cost to you.
- We carry the paperwork — you sign at closing.
- We stay in the file for months if that's what it takes.
How this works where you live
Whether a lender can pursue the remaining balance after a short sale varies by state and by the approval letter's language. Read that letter carefully — it's the document that matters.
Forgiven mortgage debt can have tax consequences. We're not accountants; talk to a CPA before you sign an approval.
Second liens, HOA and condo assessments, and county tax balances all have to be negotiated or paid at closing. In the DMV, condo and HOA arrears are the most common surprise.
General information from our own experience — not legal or tax advice.
Short sales take patience and the right relationships. We've closed dozens with major DMV-area servicers.