FINALLY, THE SHORT SALE
RESOURCES YOU NEED.

Whether you’re a real estate agent representing a client during a short sale or referring them to us, we’ve got you covered. If referring, know that we as agents know how important it is to make sure clients are taken care of. We built our entire business on referrals, so we don’t take it lightly when you trust us with this process. You’ll receive weekly updates from our office and know what is going on with the transaction every step of the way.

How we can help get your client to closing

We’ll handle the entire process from start to finish.

1

Submit a lead.

Submit a lead by entering your client’s information as well as yours. Let your client know we will be contacting them, so we have a better chance of connecting with them as soon as possible.

2

2

Create a short sale package.

If we determine their property is eligible for a short sale, we’ll pull together the necessary documents to send to your client’s lender.  

3

Negotiate and list the property.

After we negotiate and verify that the lender has everything they need, you can list their property at the approved price.

4

Review offers and submit.

The lender will approve or deny the offer submitted. If denied, we will find out why and either dispute the value or re-list the property to get a higher offer.

5

Get approval to close.

If approved, we’ll obtain written confirmation from the lender to close, as well as settlements on any additional liens or fees. We’ll check the final boxes and then send in the required documents to get paid.


Join Our Agent Facebook Community

We team up with motivated real estate agents across the country to be our boots on the ground when we have listings and referrals in their market. We are always looking for agents we can count on to help us get these deals to the closing table, so join us on Facebook if you think you’d be a good fit!

Frequently asked questions

Will the homeowner owe anything after the short sale?

We will make sure the lender puts in writing that the homeowner’s debt is settled after the short sale. This means the homeowner will have no further financial obligations to worry about once the home is sold.

Will the homeowner receive money from the short sale?

Most homeowners qualify for relocation assistance from the bank. The amount we’re able to negotiate for ranges from $1,500 to $10,000.

How will a short sale affect the homeowner’s credit?

It depends on many things, including late or missed payments. A short sale may appear on the homeowner’s credit report as “ settlement or pre-foreclosure redemption,” “paid in full for less than full balance” or other terms.

*Missing mortgage payments will definitely affect the homeowner’s credit rating.

Are there any tax implications of a short sale?

A short sale where the lender forgives (cancels) the debt is a relief of debt. The IRS may treat this as income for tax purposes. A limited exemption allows homeowners to pay no taxes on certain types of debt forgiveness especially if it's your primary residence. The government has been extending the Mortgage Forgiveness Debt Relief Act since 2007 and we do believe they will keep extending it or create a permanent law for it soon.

How long does a short sale take?

Every short sale is different, because every homeowner’s situation is different. Our average time frame is 3-4 months.

Take It From Our Past Clients

What our clients are saying…

Clifton


“One of the best short sale experts and Realtors in DFW. A consummate professional!”

Laurie


“Nicole and her team got a very difficult short sale closed for a referral client of mine. They know their stuff! Would highly recommend!”

Check out Our blog

and stay up to date with the latest tips for the ever-changing real estate market.

What Is A Short Sale? How Does It Apply To Your Business?

Nicole Espinosa
November 17, 2020

In this video, I go through what a short sale actually is. I realized I've never broken down what a short sale is, what the process looks like, or how it applies to your business as a realtor. ...more

3 Tips On How To Start A Short Sale

Nicole Espinosa
October 20, 2020

Alright guys, I’m going to give you three tips on what you should do if you’re about to start a short sale. Number one, get all the information before you go on the appointment. When you talk to ...more

4 Questions You Need To Ask The Seller

Nicole Espinosa
October 15, 2020

So today I want to talk about the four questions that you need to ask any homeowner, any prospect that you come across in order to get the information that you need to get a contract. So this ...more

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