The succinct definition of a short sale is “the sale is conditioned upon Seller obtaining from all lien holders written commitments to accept pay-offs discounted sufficiently to enable Seller to clear the title and pay all closing costs with the proceeds from this sale only.”

The key elements for a short sale are
– a willing Seller
– a willing Lender
– a workable Title

A Seller may want a short sale for a variety of reasons, including
– finding a path to the future by freeing yourself from the past
– the “first loss is the best loss”
– credit issues
– family issues
– personal issues

There is much more to cover on the topic of short sales. A short sale is generally anything but “short” in terms of time and patience required to complete the transaction. The Realty World Executive Partners team is trained and experienced in handling short sales and transactions involving foreclosure. Whether you are a seller considering your options, or a buyer interested in learning more about the short sale process, we are ready to help you with these specialized types of real estate transactions.

Verna Metzger is proud to be recognized as a Certified Short Sale Specialist