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Welcome to Short Sale Realty, Ltd.. Where we make selling your property a reality. 

We take satisfaction and pride in the services we provide. Our combination of success, experience, education and aggressiveness gives us the ultimate edge in the profession and provides you with the trust you need to know that we will strive to do all it takes to get your property sold quickly . Learn More

Short Sale News

  • Short Sales now account for a larger percentage of total home sales.
    According to Bloomberg News - 25 April 2012

    As of this past year short sales accounted for approximately 24% of all of home purchases.  This means that the number of US home short sales, this past year, surpassed foreclosure deals for the first time as banks became more agreeable to selling houses for less than the amount owed on their mortgages, according to Lender Processing Services Inc. (LPS).

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  • Report: Sales of homes facing foreclosure rose in 3Q, edge out sales of bank-owned homes
    According to Associated Press - December 05, 2012

    LOS ANGELES – Sales of U.S. homes facing foreclosure are on the rise and outpacing sales of bank-owned homes, a reflection of stepped up efforts this year by lenders to avoid foreclosing on homes with mortgages gone unpaid. In the third quarter, sales of homes already in the foreclosure process jumped 22 percent compared to the previous quarter and a year earlier, foreclosure tracker RealtyTrac Inc. said Thursday. Short sales, when a lender agrees to accept less than what the homeowner owes on their mortgage, accounted for 65 percent of those so-called preforeclosure sales in the quarter, the firm said. Banks have become more amenable to short sales as an alternative to foreclosure, which can often end up leading to bigger losses and mire lenders and borrowers in a time-consuming and expensive process.

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  • New Fannie Mae and Freddie Mac Guidelines
    Federal Housing Finance Agency - 21 August 2012

    Effective this past November, 2012 Fannie Mae and Freddie Mac instituted new, clear guidelines to their mortgage servicers that are intended to align and consolidate existing short sale programs into one standard short sale program. These new guidelines are intended to enable lenders and servicers to quickly and easily qualify eligible borrowers for a short sale.

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  • Short Salesology:

    A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens' full amounts, and whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.[1] Any unpaid balance owed to the creditors is known as a deficiency.[2][3]

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    • With over 30 years experience in dealing with every aspect of foreclosure proceedings we are uniquely qualified and positioned to deal with all phases of handling a short sale. The short sale process is one beset with with many expected and unexpected hurdles. During the short sale process the underlying bank will scrutinize all paperwork submitted and will set forth many requirements that must be complied with before the transaction can be closed.  Our background and experience allows us to navigate through this process taking it smoothly through to a successful conclusion. 

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