Short Sales

SHORT SALES – LOSS MITIGATION

Another alternative to being foreclosed on is to pursue a short sale.  A short sale is where you, as property owner, enlist the services of a real estate broker to list your house for sale, and seek to allow the lender to accept less than what you owe on your loan as full satisfaction of your loan.  As with deed-in-lieu of foreclosure, certain lender-specific conditions may apply, and tax consequences may need to be investigated with a CPA or tax attorney.  To discuss the short sale of your Arizona or California commercial or residential property contact us at (877) 276-5084 to explore your options.