What is a Short Sale or Short Payoff?

A short sale ( also known as a short payoff ) is when 

a lender or lenders accept a discounted payoff on an

existing mortgage and agree to allow zero money at

closing for the homeowner to avoid the cost of a

foreclosure. In other words, when a homeowner owes

more than can be collected through a real estate sale,

a short sale allows the owner to sell their property to

avoid a foreclosure for themselves and the lender.

If you are a homeowner and want to see if you qualify

for a short sale, give me a call today.