A short sale is when the owner(s) of a property owe more on the property than they will be able to sell it for,
they will be short of the mortgage amount. A short sale is a way for the owner of a property to keep a
preforeclosure of a foreclosure off his/her credit report. It will be a ding on their credit rather than a big red X.
In a short sale, the owner of the property is still in controll of the property, still owns the property. He/she/they
can accept, reject, or counter offer on any and all overs that are recieved. After the owners have an accepted
offer, then they lender(s) have to agree to the amount.
When someone decides to sell their home and it will be in a short sale status, there are several documents that
will be required by the lender(s). The sellers do not have to talk to or deal with the lender, we as agents do that.
We handle all the documents by the lender and deal with all the aspects: inspections, appraisals etc.
A short sale precedes the foreclosure.
If you have any questions or need any information, please do not hesitate to contact us. Anything we discuss will
be held in confidence.
Contact information:
Mike - 618-210-8087
Charlene - 618-334-5381
With E-mail: please put shortsale information in the subject line
Team E-mail
Mike's E-mail
Charlene's E-mail